A company reports the following for the past year. Sales Income $ 6,900,000 2,415,000 11,500,000 Average...
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A company reports the following for the past year. Sales Income $ 6,900,000 2,415,000 11,500,000 Average assets The company's CFO believes that income for next year will be $2,898,000. Average assets will be the same as the past year 1. Compute return on investment for the past year. 2. If the CFO's forecast is correct, what will return on investment be for next year? A company reports the following for the past year. Sales Income $ 6,900,000 2,415,000 11,500,000 Average assets The company's CFO believes that income for next year will be $2,898,000. Average assets will be the same as the past year 1. Compute return on investment for the past year. 2. If the CFO's forecast is correct, what will return on investment be for next year?
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