The formula for calculating ROI is:
- (net income/ initial investment)* 100
- (gross profit / initial investment)* 100
- (net income/revenue)* 100
- (net income/cogs)* 100
ZTBL OG III PAST PAPER 07-07-2024
How does COGS affect the balance sheet?
- It increases assets
- It decreases liabilities
- It affects inventory valuation
- It has no effect on the balance sheet