For the most recent year, Romero Company reported average operating assets of $200,000 and sales of $500,000.
Fantastic news! We've Found the answer you've been seeking!
Question:
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%).
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date: