The entrepreneur who founded the company is convinced that sales will increase next year by...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The entrepreneur who founded the company is convinced that sales will increase next year by 130% and that net operating income will increase by 590%, with no increase in average operating assets. What would be the companys ROI? Sales $9,180,000 Net operating income $1,101,600 Average operating assets $3,400,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
