Accounting Question

[#33]

I am taking my first accounting class and have a question about
figuring out ROI. The problem gives me Sales $16000000, Costs of
Goods Sold $7125000, Operating Expense $5725000. I am supposed to
find the ROI with this info. and am unable to. Can someone help?

 

[John]

I am taking my first accounting class and have a question about
figuring out ROI. The problem gives me Sales $16000000, Costs of
Goods Sold $7125000, Operating Expense $5725000. I am supposed to
find the ROI with this info. and am unable to. Can someone help?

you need the investment or "I" in the ratio

 

[Preston]

I am taking my first accounting class and have a question about
figuring out ROI. The problem gives me Sales $16000000, Costs of
Goods Sold $7125000, Operating Expense $5725000. I am supposed to
find the ROI with this info. and am unable to. Can someone help?

You would need more information to determine ROI, or Return on
Investment. With the information given, you could determine your net
profit. (Sales less Cost of Goods Sold less Operating Expense) This
equals $3,150,000. You would then divide this net profit by the
amount of initial investment. If the initial investment was
$10,000,000, then the ROI would be 31%.

 

[tippy]

You would need more information to determine ROI, or Return on
Investment. With the information given, you could determine your net
profit. (Sales less Cost of Goods Sold less Operating Expense) This
equals $3,150,000. You would then divide this net profit by the
amount of initial investment. If the initial investment was
$10,000,000, then the ROI would be 31%.

Math Problem: I have 3 kids, 5, 9, and 12 years old. They each have
homework. How do I help them without giving them the answer. I give
them clues and let them figure out what is wrong with their solution
and then come up with another. They seem to understand better how to
solve future problems when I use this approach. When I tell them what
the answer is, they rely on me to do their work.
_____________

Tippy

 

[_]

Hmmm, the first question was fairly easy but the second one is tricky. Maybe you average their ages, multiply by pi, and divide by the 4th root of the grey hairs?