Reference no: EM132531099
Question - The Parry Company provided the following information regarding its operations:
2017 Total assets $4,200,000
2018 Total assets $4,700,000
2017 Net operating income $86,700
2018 Net operating income $91,700
2017 Net sales $2,125,000
2018 Net sales $2,700,000
Required - What is Parry's ROI for the year ending 2018?
a. 3.80%
b. 3.59%
c. 2.06%
d. 1.95%