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What is lastrom company roi for the year

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Reference no: EM132974490

The Lastrom Company provided the following information regarding its operations:

2017Total assets$75,000,000

2018Total assets$80,000,000

2017Net operating income$1,875,000

2018Net operating income$1,925,000

2017Net sales$4,525,000

2018Net sales$5,100,000

Problem 1: What is Lastrom's ROI for the year ending 2018?

Multiple Choice

Option 1: 2.40%
Option 2: 2.48%
Option 3: 2.72%
Option 4: 2.50%

Reference no: EM132974490

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