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Answer for ROIPROFIT MARGINROI FOR NEXT YEARINVESTMENT TURNOVER in the format as follows Check my work ZNet Co. is a web-based retail company. The company

Answer for ROIPROFIT MARGINROI FOR NEXT YEARINVESTMENT TURNOVER in the format as follows

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Check my work ZNet Co. is a web-based retail company. The company reports the following for the past year. 10.5 Sales $ 7, 700, 000 Operating income 3,234,000 points Average invested assets 15, 400, 000 02:59:40 The company's CEO believes that sales for next year will increase by 20%, and both profit margin (%) and the level of average invested assets will be the same as for the past year. 1. Compute return on investment for the past year. eBook 2. Compute profit margin for the past year. 3. If the CEO's forecast is correct, what will return on investment equal for next year? 4. If the CEO's forecast is correct, what will investment turnover equal for next year? Hint n Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Required 4 Compute return on investment for the past year. Return on Investment Choose Numerator: Choose Denominator: = Return on Investment = Return on investment Required Required 2

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