sing the following data, estimate the new Return on Investment if there is a 6% increase in sales - with average operating assets as the base. Sales $2,640,795 Contribution margin 38% Controllable fixed costs 248,297 Average operating assets $4,486,486 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
sing the following data, estimate the new Return on Investment if there is a 6% increase in sales - with average operating assets as the base. Sales $2,640,795 Contribution margin 38% Controllable fixed costs 248,297 Average operating assets $4,486,486 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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sing the following data, estimate the new
Sales | $2,640,795 |
Contribution margin | 38% |
Controllable fixed costs | 248,297 |
Average operating assets | $4,486,486 |
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
Using the following data, estimate the new Return on Investment if there is a 9% decrease in variable and fixed costs- with average operating assets as the base.
Sales | $3,023,201 |
Contribution margin | 37% |
Controllable fixed costs | 244,010 |
Average operating assets | $5,136,160 |
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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