Kanye West makes shoes. Current sales of Yeezy shoes are $52,000. Kanye West's average operating assets are $23,000 and total liabilities are $19,500. West does not think he can meaningfully increase his company's turnover, but he does believe he can increase his margin. What margin is needed on Kanye West's Yeezy shoes to give him a Return on Investment of 0.11? Round your answer to 2 d.p.
Kanye West makes shoes. Current sales of Yeezy shoes are $52,000. Kanye West's average operating assets are $23,000 and total liabilities are $19,500. West does not think he can meaningfully increase his company's turnover, but he does believe he can increase his margin. What margin is needed on Kanye West's Yeezy shoes to give him a Return on Investment of 0.11? Round your answer to 2 d.p.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kanye West makes shoes. Current sales of Yeezy shoes are $52,000. Kanye West's average operating assets are $23,000 and total liabilities are $19,500. West does not think he can meaningfully increase his company's turnover, but he does believe he can increase his margin.
What margin is needed on Kanye West's Yeezy shoes to give him a
Round your answer to 2 d.p.
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