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Napoli Tours, Inc. is a tour organizer for tours of Italy. The company has sales revenue of $507,000 resulting in operating income of $60,000. Average

Napoli Tours, Inc. is a tour organizer for tours of Italy. The company has sales revenue of $507,000 resulting in operating income of $60,000. Average invested assets total $608,000, and the cost of capital is 6%. Calculate the return on investment if sales increase by 10% and the profit margin and invested assets remain the same. (Round your intermediate calculations and final answers to 2 decimal places.)

  • 6.96%

  • 11.76%

  • 9.87%

  • 10.88%

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