Question
The entrepreneur who founded the company is convinced that sales will increase next year by 150% and that net operating income will increase by 400%,
The entrepreneur who founded the company is convinced that sales will increase next year by 150% and that net operating income will increase by 400%, with no increase in average operating assets. What would be the companys margin, turnover and ROI? Sales$8,000,000 Net operating income$800,000 Average operating assets$3,200,000
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
1st Edition
0471169196, 978-0471169192
