Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales $ 4,300,000 Net operating income $ 301,000 Average

CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below:

Sales $ 4,300,000
Net operating income $ 301,000
Average operating assets $ 860,000

The following questions are to be considered independently.

2. The entrepreneur who founded the company is convinced that sales will increase next year by 40% and that net operating income will increase by 180%, with no increase in average operating assets. What would be the companys ROI

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago

Question

Discuss the goals of financial management.

Answered: 1 week ago