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Linh Do Accounting Ltd. had sales of $2 000 000 and net operating income of $600 000 last year. Operating assests last year averaged $1
Linh Do Accounting Ltd. had sales of $2 000 000 and net operating income of $600 000 last year. Operating assests last year averaged $1 000 000. The company's manager is considering the purchase of a new machine which is expected to increase average operating assets by 6 per cent.
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Calculate the company's new ROI if the new machine is purchased.
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Auditing Information And Cyber Security Governance
Authors: Robert E Davis
1st Edition
1000416089, 9781000416084
