Question
Question 2: Wild River Rafting Company sells outdoor gear. For 2020, Wild River prepares a forecast that includes the following: 2020 Projected Sales $1,000,000 2020
Question 2: Wild River Rafting Company sells outdoor gear. For 2020, Wild River prepares a forecast that includes the following: 2020 Projected Sales $1,000,000 2020 Projected Net Operating Income $40,000 2020 Projected Average Operating Assets $400,000 Wild River believes that by targeting their advertising that Wild Rivers sales could go up $100,000 with no change to expenses. The Net Operating Income margin on sales would remain the same as the projected margin above. If Wild River was able to increase revenue by $100,000 and maintain the same margin percentage, what would be Wild Rivers return on Investment?
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