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Question 1 2 pts Super Store reported the following financial data for the most recent year end. Sales, $180,000; operating expenses $150,000; average operating assets,
Question 1 2 pts Super Store reported the following financial data for the most recent year end. Sales, $180,000; operating expenses $150,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 15% return on investments. The company is considering investing in a new cell phone vending machine that would cost $25,000. The vending machine should generate an additional $19,000 in sales revenue and cost approximately $14,000 to operate. What is the company's return on investment (ROI) ratio without the proposed investment? 16.67% 20% 15% 1.2% Question 2 2 pts Crafty Inc. reported the following financial data. Sales, $180,000; operating expenses $160,000; average operating assets, $150,000; total liabilities. $98,000. The company requires a minimum 12% return on investments. How much is residual income? $20,000 $18,000 $5,000 $2,000
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