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Figure 11-4
-Refer to Figure 11-4.The movement from E to B to D in the figure above illustrates
Net Operating Income
A company's income after operating expenses are deducted, but before income taxes and interest are deducted.
Average Operating Assets
The average value of the assets used in the normal operating activities of a business over a specific period.
Return On Investment
A measure of the profitability of an investment, calculated as a percentage of the return divided by the cost of the investment.
Return On Investment
A metric to assess the effectiveness or profit generated by an investment in comparison to its expense.
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