Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 10-13 (Algo) Effects of Changes in Sales, Expenses, and Assets on ROI (L010-11 [The following information applies to the questions displayed below) Commercial Services.com
Exercise 10-13 (Algo) Effects of Changes in Sales, Expenses, and Assets on ROI (L010-11 [The following information applies to the questions displayed below) Commercial Services.com Corporation provides business-to-business services on the Internet Data concerning the most recent year appear below: $ 2,400,000 Net operating income Average operating assets The following questions are to be considered independently Sales $ 144,000 $ 800,000 Exercise 10-13 Part 2 (Algo) 2. The entrepreneur who founded the company is invinced that sales will increase next year by 60% and that net operating income will increase by 360%, 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.) Return on investment (RON) %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started