Question: Using the following data, estimate the new Return on Investment if there is a 10% increase in sales - with average operating assets as the

Using the following data, estimate the new Return on Investment if there is a 10% increase in sales - with average operating assets as the base.

Sales $2,000,000
Variable costs 1,100,000
Contribution margin 45% 900,000
Controllable fixed costs 300,000
Controllable margin $600,000
Average operating assets $5,000,000

Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.

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