Using the following data, estimate the new Return on Investment if there is a 11% increase in sales - with average operating assets as the base. Sales $3,838,419 Contribution margin Controllable fixed costs Average operating assets 42% 368,503 $5,166,749 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% increase in sales - with average operating assets as the base. Sales $3,838,419 Contribution margin Controllable fixed costs Average operating assets 42% 368,503 $5,166,749 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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