How to get part C please?
Check my work Charlie's Furniture 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 28% per year for several years, but turnover has been a relatively 0.4 based on average total assets of $800.000. A discount furniture Store is about to open in the area served by Charlie's, ar g ement is considering lowering prices to compete effectively Required: a. Calculate current sales and ROI for Charlie's Furniture Store b. Assuming that the new strategy would reduce margin to 20%, and assuming that average total assetsd stay the same calculate the sales that would be required to have the same ROI as Charlie's currently earns c. Suppose you presented the results of your analysis in parts a and b of this problem to Charlie, and he replied, "What are you telling me? Il reduce my prices as planned, then I have to increase my sales volume by 50% to earn the same return? Given the results of your analysis, what is the actual amount of increase in sales required? d. Now suppose Charlie says. "You know, I'm not convinced that lowering prices is my only option in staying competitive. What if were to increase my marketing effort? I'm thinking about kicking off a new advertising campaign after conducting more extensive market research to better identify who my target customer groups are in general, explain to Charlie what the likely impact of a successful strategy of this nature would be on margin, turnover, and ROI e. What are the other alternative strategy that might help Charlie maintain the competitiveness of his business Complete this question by entering your answers in the tabs below. Type here to search 1080 acer SW AJO 15 CM) 660= 7 8 9101 1121er mase rammer og U. INOW Suppuse Come Days, TUU KUW, I HII HULLULIVILEU utal wely prices > Hyllypur Slany L euve. were to increase my marketing effort? I'm thinking about kicking off a new advertising campaign after conducting more market research to better identify who my target customer groups are." In general, explain to Charlie what the likely im successful strategy of this nature would be on margin, turnover, and ROI e. What are the other alternat' trategy that might help Charlie maintain the competitiveness of his business. 0.83 points Complete this question by entering your answers in the tabs below. eBook Print Required A Required B Required C Required D Required E References Calculate current sales and ROI for Charlie's Furniture Store.(Round your "ROI" to 1 decimal place.) $ 320,000 Sales ROI 11.21% Required A Required B > Graw Type here to search 1080, ace S W 1 IUT yuuusale in general, explain to Charlie what the likely impact of a successful strategy of this nature would be on margin, turnover, and ROI e. What are the other alternative strategy that might help Charlie maintain the competitiveness of his business 0.83 points Complete this question by entering your answers in the tabs below. eBook Print Required A Requirep B Required C Required D Required E References Assuming that the new strategy would reduce margin to 20%, and assuming that average total assets would stay the same calculate the sales that would be required to have the same ROI as Charlie's currently earns. (Do not round intermediate calculations.) Sales $ 448,000 Required A Required C > Saw Type here to search 30- cer SWIFT Help Save & Exit Submit Check my work u. INUW Suyuube Lione says, TUU KUW, I HULLULIVU u al uwely press my owny Ur eynny LUV WIL were to increase my marketing effort? I'm thinking about kicking off a new advertising campaign after conducting more extensive market research to better identify who my target customer groups are." In general, explain to Charlie what the likely impact of a successful strategy of this natur b e on margin, turnover, and ROI e. What are the other alternative strey that might help Charlie maintain the competitiveness of his business 0.83 points Complete this question by entering your answers in the tabs below. eBook Print Required A Required B Required Required D Required E References Suppose you presented the results of your analysis in parts a and b of this problem to Charlie, and he replied, "What are you telling me? If I reduce my prices as planned, then I have to increase my sales volume by 50% to earn the same return? Given the results of your analysis, what is the actual amount of increase in sales required? (Do not round intermediate calculations.) Show less Increase in sales required Type here to search 080- S W F
