Using the following data, estimate the new Return on Investment if there is a 9% decrease in the average operating assets- with the new average operating assets as the base. Sales $2,217,038 Contribution margin Controllable foxed costs 34% 283,398 Average operating assets Round to two decimal places. Be sure to enter the answer as a percentage but do not include the $4,189,521

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using the following data, estimate the new Return on Investment if there is a 9% decrease in the
average operating assets - with the new average operating assets as the base.
Sales
$2,217,038
Contribution
margin
Controllable
foxxed costs
Average
operating
assets
34%
283,398
$4,189,521
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the
% sign.
Transcribed Image Text:Using the following data, estimate the new Return on Investment if there is a 9% decrease in the average operating assets - with the new average operating assets as the base. Sales $2,217,038 Contribution margin Controllable foxxed costs Average operating assets 34% 283,398 $4,189,521 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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