Alpha Corporation had the following data for the month of November: Profit of $3061852; Invested capital of

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Alpha Corporation had the following data for the month of November:

Profit of $3061852;

Invested capital of $44476331;

Cost of purchase of a new equipment in the current year is $767244,

An increase in divisional profits of $55498 due to the purchase of the new equipment.

Compute the return on investment (ROI) of the new equipment in the current year.

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0137030385

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

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Posted Date: Jul 13, 2023 03:38 AM

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Alpha Corporation had the following data for the month of November: Profit of $3061852; Invested capital of

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Advanced Financial Accounting

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