Question
Moore Electric has sales of $3,800,000. Variable costs are $2,130,000 and controllable fixed costs are $782,000. The companys average operating assets are $5,000,000. If the
Moore Electric has sales of $3,800,000. Variable costs are $2,130,000 and controllable fixed costs are $782,000. The companys average operating assets are $5,000,000. If the company decreases their fixed and variable costs by 5%, what will their new ROI be?
a. 20.67%
b. 19.89%
c. 17.76%
d. 18.54%
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
