Question: There are THREE questions, please help with all three (Chegg guidelines SUGGEST one question per post for a faster response time but we are more
There are THREE questions, please help with all three
(Chegg guidelines SUGGEST one question per post for a faster response time but we are more than welcome to ask multiple questions)
1. Using the following data, estimate the new Return on Investment if there is a 9% increase in sales - with average operating assets as the base.
| Sales | $2,522,237 |
| Contribution margin | 35% |
| Controllable fixed costs | 388,030 |
| Average operating assets | $4,212,249 |
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
2.Using the following data, estimate the new Return on Investment if there is a 6% decrease in variable and fixed costs- with average operating assets as the base.
| Sales | $2,394,527 |
| Contribution margin | 35% |
| Controllable fixed costs | 220,021 |
| Average operating assets | $4,767,594 |
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
3. Using the following data, estimate the new Return on Investment if there is a 13% decrease in the average operating assets - with the new average operating assets as the base.
| Sales | $2,686,998 |
| Contribution margin | 44% |
| Controllable fixed costs | 313,082 |
| Average operating assets | $4,608,149 |
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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