Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investment center of Vernon Corporation shows an operating income of $6,732 on total operating assets of $51,000. Required Compute the return on investment (Round

image text in transcribed
image text in transcribed
An investment center of Vernon Corporation shows an operating income of $6,732 on total operating assets of $51,000. Required Compute the return on investment (Round your answer to 2 decimal places. (.e., 0.2345 should be entered as 23.45).) Return on investment % Book Help Save & Exit Check 2 Rooney Company calculated its return on investment as 10 percent Sales are now $430,000, and the amount of total operating assets is $450,000 points Required a. If expenses are reduced by $42.300 and sales remain unchanged, what return on investment will result? (Round your answer to 2 decimal places, le 0.2345 should be entered as 23.45).) b. if both sales and expenses cannot be changed, what change in the amount of operating assets is required to achieve the same result? (Do not round intermediate calculations, Round your answer to the nearest whole dollar amount.) a. Return on investment Operating asset must DY Pent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions