Answered: For the past year, Vivace Corporation…

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%?

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