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A company's Income Statement for 2019 showed Revenue of $100,000 and Total Expenses of $80,000. The Balance Sheet showed Assets totaling $50,000. a) Calculate the
A company's Income Statement for 2019 showed Revenue of $100,000 and Total Expenses of $80,000. The Balance Sheet showed Assets totaling $50,000. a) Calculate the Return on Assets? b) Next year, the CEO wants to increase profits by $10,000. This could be done by asking the Supply Chain team to find cost savings of $10,000. However, he would also like to know by how much sales would have to increase to end up with the same profit gain. Calculate the incremental sales required? RA
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