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can you show me how to do these so i will know how to do questions like these innthe future. A company reports the following
can you show me how to do these so i will know how to do questions like these innthe future.
A company reports the following for the past year. Exer Retu A1 $12,500,000 Sales ....... $5,000,000 Income.......... Average assets........ $1,000,000 The company's CFO believes that income for next year will be $1,200,000. Average assets will be the same as the past year. 1. Compute return on investment for the past year. 2. If the CFO's forecast is correct, what will return on investment be for next year Step by Step Solution
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