Using the following data, estimate the new Return on Investment if there is a 10% increase in sales - with average operating assets as the base. Sales Contribution margin Controllable fixed costs $3,141,602 37% 242,126 Average operating assets $4,854,981| 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
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Using the following data, estimate the new Return on Investment if there is a 10% increase in sales - with average operating assets as the base.
Sales
$3,141,602|
37%
Contribution margin
Controllable fixed costs
242,126
Average operating assets
$4,854,981
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 10% increase in sales - with average operating assets as the base. Sales $3,141,602| 37% Contribution margin Controllable fixed costs 242,126 Average operating assets $4,854,981 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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