Using the following data, estimate the new Return on Investment if there is a 8% increase in sales - with average operating assets as the base. Sales Contribution margin Controllable fixed costs $3,646,059 45% 266,167 Average operating $5,897,345 assets
Using the following data, estimate the new Return on Investment if there is a 8% increase in sales - with average operating assets as the base. Sales Contribution margin Controllable fixed costs $3,646,059 45% 266,167 Average operating $5,897,345 assets
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.16E
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Transcribed Image Text:Using the following data, estimate the new Return on
Investment if there is a 8% increase in sales - with average
operating assets as the base.
Sales
Contribution
margin
Controllable
fixed costs
$3,646,059
45%
266,167
Average
operating $5,897,345
assets
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