Solved: Ignore the impact of income taxes in your calculation, Accounting Basics

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Ignore the impact of income taxes in your calculation

Question - Greenville Golfing Services Company, a division of a golf holding company, provides various services to operators of golf courses through the State of Alabama. Financial information concerning the most recent year appears below:

Sales $10,000,000

Net operating income $3,000,000

Average operating assets $20,000,000

Ignore the impact of income taxes in your calculation.

Compute the return on investment (ROI) for Greenville Golfing Services Company.

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Accounting Basics: Ignore the impact of income taxes in your calculation

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