Geoff's Electronic Store has been in business for several years. The firm's owners have described the store as a "high-price, high-service" operation that provides lots of assistance to its customers. Margin has averaged a relatively high 25% per year for several years, but turnover has been a relatively low 0.6 based on average total assets of $800,000. A discount Electronic Store is about to open in the area served by Geoff's, and management is considering lowering prices to compete effectively.

11.

value: 0.83 points

Required information

Required:

a.	Calculate current sales and ROI for Geoff's Electronic Store. (Round your "ROI" to 1 decimal place. (e.g., 32.1))