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Seved Help Save & Exit Tropic Corp. has sales revenue of $506,000 resulting in operating income of $56,000. Average invested assets total $608,000, and
Seved Help Save & Exit Tropic Corp. has sales revenue of $506,000 resulting in operating income of $56,000. Average invested assets total $608,000, and the cost of capital is 6%. Calculate the return on investment if sales increase by 10% and the profit margin and invested assets remain the same. (Round your Intermediate calculations and final answers to 2 decimal places.)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
