For the past year, Crescendo Corp. recorded sales of $512,000 and average operating assets of $310,000. Determine the margin that Crescendo Corp. needed to earn in order to achieve a Return on Investment (ROI) of 26.5%.

For the past year, Crescendo Corp. recorded sales of $512,000 and average operating assets of $310,000. Determine the margin that Crescendo Corp. needed to earn in order to achieve a Return on Investment (ROI) of 26.5%.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...

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Can you please give correct answer this financial accounting question?

For the past year, Crescendo Corp. recorded sales of
$512,000 and average operating assets of $310,000.
Determine the margin that Crescendo Corp. needed to
earn in order to achieve a Return on Investment (ROI) of
26.5%.

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