Question
CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales: $4,500,000 Net operating income: $270,000 Average operating assets:
CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below:
Sales: $4,500,000
Net operating income: $270,000
Average operating assets: $900,000
The entrepreneur who founded the company is convinced that sales will increase next year by 60% and that net operating income will increase by 220%, with no increase in average operating assets. What would be the company’s ROI? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940
