Using the following data, estimate the new Return on Investment if there is a 10% decrease in variable and fixed costs- with average operating assets as the base. Sales $2,262,124 Contribution 43% margin Controllable 378,762 fixed costs Average operating $5,352,811 assets 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% decrease in variable and fixed costs- with average operating assets as the
base.
Sales
$2,262,124
Contribution
43%
margin
Controllable
378,762
fixed costs
Average
operating
$5,352,811
assets
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% decrease in variable and fixed costs- with average operating assets as the base. Sales $2,262,124 Contribution 43% margin Controllable 378,762 fixed costs Average operating $5,352,811 assets Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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