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Required information Exercise 10-13(Algo) Effects of Changes in Sales, Expenses, and Assets on ROI...

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Accounting

Required information
Exercise 10-13(Algo) Effects of Changes in Sales, Expenses, and Assets on ROI [L010-1]
[The following information applies to the questions displayed below.]
CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most
recent year appear below:
Sales
Net operating income
Average operating assets
$2,400,000
$144,000
$800,000
The following questions are to be considered independently.
Exercise 10-13 Part 2(Algo)
The entrepreneur who founded the company is convinced that sales will increase next year by 60% and that net operating income
will increase by 360%, with no increase in average operating assets. What would be the company's ROI? (Do not round intermediate
calculations. Round your answer to 2 decimal places.)
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