Question
Grove Corp. has revenues of $1,589,000 resulting in an operating income of $140,000. Average invested assets total $790,000. Calculate the ROI if sales increase by
| Grove Corp. has revenues of $1,589,000 resulting in an operating income of $140,000. Average invested assets total $790,000. Calculate the ROI if sales increase by 10% and the profit margin and investment level remain constant. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
18.09%
8.81%
9.75%
19.49%
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Cost Accounting
Authors: Les Heitger, Pekin Ogan, Serge Matulich
2nd Edition
053881764X, 978-0538817646
