Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely. Posters.com is an Internet retailer of high-quality posters. The company has $860,000 in operating assets and fixed expenses of$161,000 per year. With this level of operating assets and fixed expenses, the company can support sales of up to $4,800,000 peryear. The company's contribution margin ratio is 12%, which means an additional dollar of sales results in additional contributionmargin, and net operating income, of 12 cents.Required:1. Complete the following table showing the relation between sales and return on investment (ROI).2. What happens to the company's return on investment (ROI) as sales increase?Complete this question by entering your answers in the tabs below.Required 1 Required 2Complete the following table showing the relation between sales and return on investment (ROI).Note: Round your percentage answers to 2 decimal places.SalesNet OperatingIncome$ 4,300,000 $ 355,000$ 4,400,000$ 4,500,000$ 4,600,000$ 4,700,000$4,800,000AverageOperatingAssets$ 860,000$ 860,000860,000860,000860,000860,000$6969$$$ROI %< Required 1Required 2 >

Contribution Margin: Sales - Variable Costs Net operating income: Contribution Margin - Fixed…

Answered: Required: 1. Complete the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required: 1. Complete the following table showing the relation between sales and return on investment (ROI). 2. What happens to the company's return on investment (ROI) as sales increase?