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Return on Investment (ROI) Return on Investment (ROI) Commercial Division: Profit Margin x Investment Tumover = Income from Operations Sales Sales Invested Assets MAXELL MANUFACTURING

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Return on Investment (ROI) Return on Investment (ROI) Commercial Division: Profit Margin x Investment Tumover = Income from Operations Sales Sales Invested Assets MAXELL MANUFACTURING INC cOMMERICAL DIVISION Estimated Income Statements For the Year Ended December 31 Proposal 1 Proposal 2 Proposal 3 Sales Cost of goods sold Gross profit Operating expenses Income from operations Invested assets Return on Investment (ROI Profit Margin x In vestment Tu rnover Income from Operations Sales Sales Invested Assets Return on Investment (ROI) Proposal 1: Pr. 24-4A Return on investment (ROI) Profit Margin x Investment Turnover Income from Operations Sales Sales Invested Assets Return on Investment (ROI) Proposal 1: ROI Proposal 2: ROI Proposal 3: ROI 4. meet(s) the required 21% rate of return on investment. 5. Return on Investment (ROI) Profit Margin Required Investment Turnover = x x Required Investment Turnover Required investment Turnover Current Investment Turnover Pr. 24-4A ROI Proposal 2: ROI = Proposal 3: ROI meet(s) the required 21% rate of return on investment. Return on Investment (ROI) Profit Margin = x Required investment Turnover x Required Investment Tunover Required Investment Turnover Current Investment Turnover = Increase in Investment Turnover Return on Investment (ROI) Return on Investment (ROI) Commercial Division: Profit Margin x Investment Tumover = Income from Operations Sales Sales Invested Assets MAXELL MANUFACTURING INC cOMMERICAL DIVISION Estimated Income Statements For the Year Ended December 31 Proposal 1 Proposal 2 Proposal 3 Sales Cost of goods sold Gross profit Operating expenses Income from operations Invested assets Return on Investment (ROI Profit Margin x In vestment Tu rnover Income from Operations Sales Sales Invested Assets Return on Investment (ROI) Proposal 1: Pr. 24-4A Return on investment (ROI) Profit Margin x Investment Turnover Income from Operations Sales Sales Invested Assets Return on Investment (ROI) Proposal 1: ROI Proposal 2: ROI Proposal 3: ROI 4. meet(s) the required 21% rate of return on investment. 5. Return on Investment (ROI) Profit Margin Required Investment Turnover = x x Required Investment Turnover Required investment Turnover Current Investment Turnover Pr. 24-4A ROI Proposal 2: ROI = Proposal 3: ROI meet(s) the required 21% rate of return on investment. Return on Investment (ROI) Profit Margin = x Required investment Turnover x Required Investment Tunover Required Investment Turnover Current Investment Turnover = Increase in Investment Turnover

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