Problem - The Ohio Service Company, a division of a bank holding company, provides various services to financial institutions in Columbus. Ohio. Financial information concerning the most recent year appears below:
Sales
|
$10,000,00
|
Net operating Income
|
$3,000,000
|
Average operating assets
|
$25,000,000
|
Ignore the impact of income taxes in your calculation.
Required - Compute the return on investment (ROI) for Ohio Service Company.