Question
Required information Exercise 11-13 Effects of Changes in Sales, Expenses, and Assets on ROI [LO11-1] [The following information applies to the questions displayed below.] CommercialServices.com
Required information
Exercise 11-13 Effects of Changes in Sales, Expenses, and Assets on ROI [LO11-1]
[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:
Sales | $ | 5,700,000 |
Net operating income | $ | 285,000 |
Average operating assets | $ | 950,000 |
Exercise 11-13 Part 2
2. The entrepreneur who founded the company is convinced that sales will increase next year by 50% and that net operating income will increase by 200%, with no increase in average operating assets. What would be the companys ROI? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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