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Required information Exercise 10-13 (Algo) Effects of Changes in Sales, Expenses, and Assets on ROI [LO10-1] [The following information applies to the questions displayed below.]
Required information Exercise 10-13 (Algo) Effects of Changes in Sales, Expenses, and Assets on ROI [LO10-1] [The following information applies to the questions displayed below.] CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: The following questions are to be considered independently. Exercise 10-13 Part 2 (Algo) 2. The entrepreneur who founded the company is convinced that sales will increase next year by 60% and that net operating income will increase by 220%, with no increase in average operating assets. What would be the company's ROl? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct
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