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Calculate the Return on Investment from the following responsibility report data using total revenue as the base: Responsibility report data Account Actual Revenues Clothing revenue
Calculate the Return on Investment from the following responsibility report data using total revenue as the base:
Account | Actual |
---|---|
Revenues | |
Clothing revenue | $461,353 |
Clothing accessories revenue | 15,067 |
Expenses | |
Associates wages | $47,297 |
Managers wages | 27,699 |
Cost of clothing sold | 253,496 |
Cost of accessories sold | 6,162 |
Equipment/fixture repairs | 771 |
Utilities | 1,857 |
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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