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Exercise 11-13 Effects of Changes in Sales, Expenses, and Assets on ROI (LO11-1] (The following information applies to the questions displayed below.] CommercialServices.com Corporation provides
Exercise 11-13 Effects of Changes in Sales, Expenses, and Assets on ROI (LO11-1] (The following information applies to the questions displayed below.] CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales Net operating income Average operating assets $ $ $ 4,300,000 301,000 860,000 The following questions are to be considered independently. Exercise 11-13 Part 2 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 company's ROI? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Return on investment (RON 63.00
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