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Please help!! Thanks Ch. 23 Concord Co. For its three investment centers, Concord Company accumulates the following data: The company expects the following changes for
Please help!! Thanks
For its three investment centers, Concord Company accumulates the following data: The company expects the following changes for investment centers I, II, and III in the next year: investment center I to increase sales 15%, investment center II to decrease controllable fixed costs $392,000, and investment center III to decrease average operating assets $520,000. Compute the expected return on investment (ROI) for each center. Assume investment center I has a contribution margin percentage of 70%. (Round ROI to 1 decimal place, e.g. 1.5\%.) Ch. 23
Concord Co.
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