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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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