Calculate the April 2023 ROI using the following information: April 2023 profit margin 25% April sales $6,000,000 Assets at March 31, 2023 2,000,000 Assets at April 30, 2033 4,000,000 Blank 1. Fill in the blank, read surrounding text. % (Do not use percent sign in answer)

Calculate the April 2023 ROI using the following information: April 2023 profit margin 25% April sales $6,000,000 Assets at March 31, 2023 2,000,000 Assets at April 30, 2033 4,000,000 Blank 1. Fill in the blank, read surrounding text. % (Do not use percent sign in answer)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate the April 2023 ROI using the following information:
April 2023 profit margin 25%
April sales $6,000,000
Assets at March 31, 2023 2,000,000
Assets at April 30, 2033 4,000,000
Blank 1. Fill in the blank, read surrounding text. % (Do not use percent sign in answer)

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