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The Atlantic Division of Blossom Productions Company reported the following results for 2022: Management is considering the following independent alternative courses of action in 2023
The Atlantic Division of Blossom Productions Company reported the following results for 2022: Management is considering the following independent alternative courses of action in 2023 in order to maximize the return on investment for the division. 1. Reduce controllable fixed costs by 10% with no change in sales or variable costs. 2. Reduce average operating assets by 10% with no change in controllable margin. 3. Increase sales $500,000 with no change in the contribution margin percentage. Compute the return on investment for 2022. (Round answer to 1 decimal place, e.g. 52.5.) Return on Investment %
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