Required information Exercise 11-16 (Algo) Effects of Changes in Sales, Expenses, and Assets on ROI [LO11-1] [The following information applies to the questions displayed below.] CommercialServices.com provides business-to-business services on the Internet. Data concerning the most recent year appear below: $ 3,720,000 $ 223,200 $ 930,000 The following questions are to be considered independently. Sales Net operating income Average operating assets Exercise 11-16 (Algo) Part 2 2. The entrepreneur who founded the company is convinced sales will increase next year by 50% and net operating income will increase by 310%, with no increase in average operating assets. What would be the company's ROI? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Return on investment (ROI) %

Required information Exercise 11-16 (Algo) Effects of Changes in Sales, Expenses, and Assets on ROI [LO11-1] [The following information applies to the questions displayed below.] CommercialServices.com provides business-to-business services on the Internet. Data concerning the most recent year appear below: $ 3,720,000 $ 223,200 $ 930,000 The following questions are to be considered independently. Sales Net operating income Average operating assets Exercise 11-16 (Algo) Part 2 2. The entrepreneur who founded the company is convinced sales will increase next year by 50% and net operating income will increase by 310%, with no increase in average operating assets. What would be the company's ROI? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Return on investment (ROI) %

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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