Gamma Ltd has an operating income of $351316, revenue of $2595676 and total assets of $2504986. The

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Gamma Ltd has an operating income of $351316, revenue of $2595676 and total assets of $2504986. The current return on investment (ROI) of Gamma is below their expectation.

To increase the ROI to 19%, how much amount of investment turnover the business needs to achieve ?

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1292063461

6th edition

Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

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Posted Date: Jul 14, 2023 03:18 AM

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Gamma Ltd has an operating income of $351316, revenue of $2595676 and total assets of $2504986. The

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To calculate the investment turnover required to achieve a specific ROI we can use the followi... View the full answer

Management and Cost Accounting

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