Solved: What is the return on investment, Financial Accounting

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What is the return on investment

Explain the steps on how to solve the problem given below:

Average operating assets are $110,000 and net operating income is $23,100. The company invests $25,000 in new assets for a project that will increase net operating income by $4,750. What is the return on investment (ROI) of the new project?

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Financial Accounting: What is the return on investment

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