General Accounting Question please solve this one For the past year, Vivace Corporation recorded sales of $500,000 andaverage operating assets of $350,000. What is the margin that VivaceCorporation needed to earn in order to achieve an ROI of 30%?

Step 1: Define ROI (Return on Investment)Return on Investment (ROI) is a financial metric used to…

Answered: For the past year, Vivace Corporation…

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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For the past year, Vivace Corporation recorded sales of $500,000 and average operating assets of $350,000. What is the margin that Vivace Corporation needed to earn in order to achieve an ROI of 30%?