For the most recent year, Romero Company reported average operating assets of $200,000 and sales of $500,000.

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For the most recent year, Romero Company reported average operating assets of $200,000 and sales of $500,000.

Calculate the margin Romero Company needed to earn in the most recent year in order to achieve a return on investment of 15%. Enter your answer as a number followed by the % without a space in between (i.e., 10%).

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Jan 20, 2021 02:45 PM

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For the most recent year, Romero Company reported average operating assets of $200,000 and sales of $500,000.

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Return on investment net incomeAverage operatin... View the full answer

Fundamentals of Financial Accounting

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