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A company reports the following for the past year. Sales Income Average assets $ 27,860,000 5,572,000 39,800,000 The company's CFO believes that income for
A company reports the following for the past year. Sales Income Average assets $ 27,860,000 5,572,000 39,800,000 The company's CFO believes that income for next year will be $6,686,400. Average assets will be the same as the past year. 1. Compute return on investment for the past year. ok 2. If the CFO's forecast is correct, what will return on investment be for next year? Int Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Compute return on investment for the past year. erences Return on Investment Numerator: Denominator: I Return on investment
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