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Riverbed Ltd. is a company that creates various home dcor items including faux houseplants, planters, and picture frames. All the items they produce are created
Riverbed Ltd. is a company that creates various home dcor items including faux houseplants, planters, and picture frames. All the items they produce are created using recycled materials, and that has been a major selling point for their customers. The manager of the planter division requested that the accountants look into purchasing a new kiln that will reduce production time and costs while increasing output. The head accountant has compiled the following estimates pertaining to the new kiln: Sales, \$4,830; Cost of Goods Manufactured, \$2,160; and Operating Expenses (including depreciation), \$1,630. The cost of the kiln is estimated to be $9,860. What are the return on sales and the investment turnover values for a new kiln? (Round onswers to 4 decimal places, e9. 15.2521.) Return on Sales Investment Turnover
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