19 A company reports the following for the past year. 1.5 points Sales Income Average assets $ 10,800,000 4,968,000 21,600,000 The company's CFO believes that income for next year will be $5,464,800. Average assets will be the same as the past year. 1. Compute return on investment for the past year. eBook 2. If the CFO's forecast is correct, what will return on investment be for next year? Hint Complete this question by entering your answers in the tabs below. Required 1 Required 2 Print References Compute return on investment for the past year. Numerator: Return on Investment Denominator: = Return on investment 19 A company reports the following for the past year. 1.5 points Sales Income Average assets $ 10,800,000 4,968,000 21,600,000 The company's CFO believes that income for next year will be $5,464,800. Average assets will be the same as the past year. 1. Compute return on investment for the past year. eBook 2. If the CFO's forecast is correct, what will return on investment be for next year? Hint Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 References If the CFO's forecast is correct, what will return on investment be for next year? Numerator: Return on Investment Denominator: