(a) Compute the return on investment for 2022. (Round answer to 1 decimal place, e.g. 52.5.) Return on Investment

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Current Attempt in Progress
The Atlantic Division of Crane Productions Company reported the following results for 2022:
Sales
Variable costs
Controllable fixed costs
Average operating assets
Management is considering the following independent alternative courses of action in 2023 in order to maximize the return on
investment for the division.
1. Reduce controllable fixed costs by 10% with no change in sales or variable costs.
2.
Reduce average operating assets by 10% with no change in controllable margin.
Increase sales $500,000 with no change in the contribution margin percentage.
3.
(a)
$4,011,000
3,212,811
311,000
2,511,000
Compute the return on investment for 2022. (Round answer to 1 decimal place, e.g. 52.5.)
Return on Investment
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Transcribed Image Text:Current Attempt in Progress The Atlantic Division of Crane Productions Company reported the following results for 2022: Sales Variable costs Controllable fixed costs Average operating assets Management is considering the following independent alternative courses of action in 2023 in order to maximize the return on investment for the division. 1. Reduce controllable fixed costs by 10% with no change in sales or variable costs. 2. Reduce average operating assets by 10% with no change in controllable margin. Increase sales $500,000 with no change in the contribution margin percentage. 3. (a) $4,011,000 3,212,811 311,000 2,511,000 Compute the return on investment for 2022. (Round answer to 1 decimal place, e.g. 52.5.) Return on Investment eTextbook and Media Save for Later 4 % Attempts: 0 of 3 used Submit Answer
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