Wool That Has Been Shorn from a Sheep but Not

question 24

Short Answer

Wool that has been shorn from a sheep but not cleaned is known as ____________________ wool.

---

Definitions:

Return On Investment

A measurement of the profitability of an investment, calculated by dividing net profit by the initial capital cost.

Average Operating Assets

The average value of those assets used for the normal operation of a company over a specific period, often used in return on investment calculations.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross income.

Residual Income

The income that remains after subtracting all required costs of capital from operating income.