Question
Using the following data, estimate the new Return on Investment if there is a 12% increase in sales - with average operating assets as the
Using the following data, estimate the new Return on Investment if there is a 12% increase in sales - with average operating assets as the base.
| Sales | $2,418,141 |
| Contribution margin | 38% |
| Controllable fixed costs | 342,600 |
| Average operating assets | $5,549,960 |
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
5th Edition
0131796712, 978-0131796713
