Lampent Lightings Company recorded for the past year sales of ₱522,500 and average operating assets of ₱250,000.  The margin that Lampent needed to earn in order to achieve an ROI of 12.75% is ___________%.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...
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Lampent Lightings Company recorded for the past year sales of ₱522,500 and average operating assets of ₱250,000.  The margin that Lampent needed to earn in order to achieve an ROI of 12.75% is ___________%.

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