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SuperStore reported the following financial data for the most recent year end. Sales, $180,000; operating expenses $150,000; average operating assets, $150,000; total liabilities, $98,000.
SuperStore reported the following financial data for the most recent year end. Sales, $180,000; operating expenses $150,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 15% return on investments. The company is considering investing in a new cell phone vending machine that would cost $25,000. The vending machine should generate an additional $19,000 in sales revenue and cost approximately $14,500 to operate. If SuperStore invested in the vending machine, what is the return on investment (ROI) for the company with the vending machine?
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