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 25%?

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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General Accounting Question with Explanation need humble solution

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 25%?
Transcribed Image Text: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 25%?
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