Using the following data, estimate the new Return on Investment if there is a 7%increase in sales - with average operating assets as the base.Sales$2,354,696Contributionmargin44%Controllable339,947fixed costsAverageoperating$5,230,380assetsRound to two decimal places. Be sure to enter the answer as a percentage butdo not include the % sign.

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Using the following data, estimate the new Return on Investment if there is a 7% increase in sales - with average operating assets as the base. Sales $2,354,696 Contribution 44% margin Controllable fixed costs 339,947 Average operating assets $5,230,380 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 7% increase in sales - with average operating assets as the base. Sales $2,354,696 Contribution 44% margin Controllable fixed costs 339,947 Average operating assets $5,230,380 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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