Question
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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Payroll Accounting
Authors: Bernard J. Bieg, Judith A. Toland
2013 edition
113396253X, 978-1133962533
