Using the following data, estimate the new Return on Investment if there is a11% decrease in variable and fixed costs- with average operating assets as thebase.Sales$2,436,021Contributionmargin39%Controllable361,596fixed costsAverageoperating$5,885,455assetsRound to two decimal places. Be sure to enter the answer as a percentage butdo not include the % sign.

Return on investment is a ratio of net operating income and average operating assets. It shows how…

Using the following data, estimate the new Return on Investment if there is a 11% decrease in variable and fixed costs- with average operating assets as the base. Sales $2,436,021 Contribution 39% margin Controllable 361,596 fixed costs Average operating assets $5,885,455 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 11% decrease in variable and fixed costs- with average operating assets as the base. Sales $2,436,021 Contribution 39% margin Controllable 361,596 fixed costs Average operating assets $5,885,455 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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