Corporation had the following performance in the last period: Net operating income, $400,000;
Turnover, 6;
ROI 23%.

What were Corporation's average operating assets?

$1,739,130

Explanation:

Calculation for the Corporation's average operating assets

Using this formula

Average operating assets=Net operating income/ROI (Return on Investment)

Let plug in the formula

Average operating assets=$400,000/0.23

Average operating assets=$1,739,130

The Corporation's average operating assets will be $1,739,130

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.