Exercise 15-13 Return on investment LO 15-6 Albany Company calculated its retun on investment as...
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Exercise 15-13 Return on investment LO 15-6 Albany Company calculated its retun on investment as 14 percent Sales are now $268,000, and the amount of total operating assets is $447,000 Required a. if expenses are reduced by $26,800 and sales remain unchanged, what return on investment will result? Round your answer to 2 decimal places. (i.e., 2345 should be entered as 23.45)) Return on investment b. If both sales and expenses cannot be changed, what change in the amount of operating assets is required to achieve the same result? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) rating assets must be
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