There are THREE questions, please help with all three (Chegg guidelines SUGGEST one question...
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Accounting
There are THREE questions, please help with all three
(Chegg guidelines SUGGEST one question per post for a faster response time but we are more than welcome to ask multiple questions)
1. Using the following data, estimate the new Return on Investment if there is a 9% increase in sales - with average operating assets as the base.
Sales
$2,522,237
Contribution margin
35%
Controllable fixed costs
388,030
Average operating assets
$4,212,249
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
2.Using the following data, estimate the new Return on Investment if there is a 6% decrease in variable and fixed costs- with average operating assets as the base.
Sales
$2,394,527
Contribution margin
35%
Controllable fixed costs
220,021
Average operating assets
$4,767,594
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
3. Using the following data, estimate the new Return on Investment if there is a 13% decrease in the average operating assets - with the new average operating assets as the base.
Sales
$2,686,998
Contribution margin
44%
Controllable fixed costs
313,082
Average operating assets
$4,608,149
Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
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