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Need help Required Information Exercise 13-33 Improving ROI (LO 13-2, 13-3) [The following information applies to the questions displayed below.) The following data pertain to
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Required Information Exercise 13-33 Improving ROI (LO 13-2, 13-3) [The following information applies to the questions displayed below.) The following data pertain to British Isles Aggregates Company, a producer of sand, gravel, and cement, for the year just ended Sales revenue Cost of goods sold Operating expenses Average invested capital 6,499,000 2,100,000 3,660,000 1,600,000 f denotes the British pound sterling, the national monetary unit of Great Britain. Exercise 13-33 Part 3 3-0. Assuming that the expenses and cost of goods sold are reduced in order to improve the firm's ROI to 45 percent, compute the firm's new sales margin. 3-b. Show how the new sales margin and the old capital turnover together result in a new ROI of 45 percent. Complete this question by entering your answers in the tabs below. Reg 3A Req 3B Show how the new sales margin and the old capital turnover together result in a new ROI of 45 percent. (Enter "new sales margin" as a percentage rounded to 2 decimal places (i.e., .1234 should be entered as 12.34) and "old capital turnover" to two decimal places.) [New ROI 4.00 X % 11.25 X = 45 %Step by Step Solution
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