CommercialServices.com provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales Net operating income Average operating assets $ 2,640,000 $ 184,800 $ 880,000 The following questions are to be considered independently. 2. The entrepreneur who founded the company is convinced sales will increase next year by 40% and net operating income will increase by 100%, with no increase in average operating assets. What would be the company's ROI? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

CommercialServices.com provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales Net operating income Average operating assets $ 2,640,000 $ 184,800 $ 880,000 The following questions are to be considered independently. 2. The entrepreneur who founded the company is convinced sales will increase next year by 40% and net operating income will increase by 100%, with no increase in average operating assets. What would be the company's ROI? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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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