Question - Vested, Inc. made some changes in operations and provided the following information: Operating assets were the same for the year ended year 1 as for year ended year 2.
Year 2 Year 3
Operating revenues $ 900,000 $1,100,000
Operating expenses 650,000 700,000
Operating assets 1,200,000 2,000,000
What percentage represents the return on investment for year 2?
a. Approximately 21%
b. Approximately 25%
c. Approximately 12.5%
d. None of the above