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Using the following data, estimate the new Return on Investment if there is a 10% decrease in variable and fixed costs- with average operating assets as the base. Sales $3,398,709 Contribution margin Controllable fixed costs Average operating assets 31% 309,752 $4,859,037 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 10% decrease in variable and fixed costs- with average operating assets as the base. Sales $3,398,709 Contribution margin Controllable fixed costs Average operating assets 31% 309,752 $4,859,037 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.

FINANCIAL ACCOUNTING
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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Using the following data, estimate the new Return on Investment if there is a 10% decrease in variable and fixed costs- with average operating assets as the base. $3,398,709 Sales Contribution margin Controllable fixed costs Average operating assets 31% 309,752 $4,859,037 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
Transcribed Image Text:Using the following data, estimate the new Return on Investment if there is a 10% decrease in variable and fixed costs- with average operating assets as the base. $3,398,709 Sales Contribution margin Controllable fixed costs Average operating assets 31% 309,752 $4,859,037 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 10% decrease in the average operating assets - with the new average operating assets as the base. $3,810,227 Sales Contribution margin Controllable fixed costs Average operating assets 36% 331,893 $4,183,196 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
Transcribed Image Text:Using the following data, estimate the new Return on Investment if there is a 10% decrease in the average operating assets - with the new average operating assets as the base. $3,810,227 Sales Contribution margin Controllable fixed costs Average operating assets 36% 331,893 $4,183,196 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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