Data concerning the most recent year appear below: Sales ...............$ 14,040,000 Net operating income ......... $ 1,193,400
Question:
Data concerning the most recent year appear below:
Sales ...............$ 14,040,000
Net operating income ......... $ 1,193,400
Average operating assets ....... $ 5,200,000
The Chief Financial Officer of the company believes a more realistic scenario would be a $4 million increase in sales, requiring an $2,016,000 increase in average operating assets, with a resulting $754,920 increase in net operating income. What would be the company’s ROI in this scenario?
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Computation of the companys ROI Current Next year Sales 1...View the full answer
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Related Book For 
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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