Total assets reported by sparrow enterprises


What are the total assets reported by Sparrow Enterprises if operating income is $650,000, its return on investment (ROI) is 40%, and its target rate of return is 10%?

a. $260,000

b.$1,625,000

c. $6,500,000

d. $650,000

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Accounting Basics: Total assets reported by sparrow enterprises
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