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Grove Corp. has revenues of $1, 542,000 resulting in an operating Income of $150,000. Average invested assets total $769,000. Calculate the ROI11 sales increase by
Grove Corp. has revenues of $1, 542,000 resulting in an operating Income of $150,000. Average invested assets total $769,000. Calculate the ROI11 sales increase by 10% and the prof t margin and Investment level remain constant. (Do not round intermediate calculations. Round your final answer to 2 decimal places) 9.73% 20.06% 10.73% 21.46%
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