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Using the following data, estimate the new Return on Investment if there is a 7% increase in sales - with average operating assets as
Using the following data, estimate the new Return on Investment if there is a 7% increase in sales - with average operating assets as the base. Sales Contribution $2,364,773 50% margin Controllable 323,984 fixed costs Average operating $4,290,348 assets Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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Financial Accounting
Authors: David Spiceland, Wayne Thomas, Don Herrmann
4th edition
1259307956, 978-1259307959
