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Selected information for ABC Company for the past two years appears below: Year 1 Residual income Variable costs Fixed costs Minimum required rate of return
Selected information for ABC Company for the past two years appears below: Year 1 Residual income Variable costs Fixed costs Minimum required rate of return $3,750 25% of sales $172,500 9% Year 2 Residual income Variable costs Fixed costs Minimum required rate of return Turnover $74,000 60% of sales $110,000 16% 5 The margin in year 2 was three times larger than the margin in year 1. Calculate ABC Company's return on investment (ROI) for year 1. Enter your answer as a number (i.e., 40). Do not enter your answer as a decimal (i.e., .40). Also, do not put the % symbol after your
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