Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. eastevan company calculated its return on investme

Eastevan Company calculated its return on investment as 10 percent. Sales...

80.2K

Verified Solution

Question

Accounting

image
Eastevan Company calculated its return on investment as 10 percent. Sales are now $300,000, and the amount of total operating assets is $320,000. Required a. If expenses are reduced by $28,000 and sales remain unchanged, what return on investment will result? Note: Round your percentage answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45 ). b. If both sales and expenses cannot be changed, what change in the amount of operating assets is required to achieve the same result? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar

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!
Become a Member

Other questions asked by students

Geometry
1.2K views

An equilateral triangle is inscr a circle We draw a line through the midpoints of...

Statistics
1.2K views

. Define the stochastic process Xt=2A+3Bt where PA=2=PA=-2=PB=2=PB=-2=0.5. Find PXt≥0 | t  

Psychology
1.2K views

What is the meaning of mill’s sociological theory?

Biology
1.2K views

Question 10 Points 2 The direction of current in the Fleming s left hand rule...

Physics
1.2K views

2 A solid sphere and a hollow sphere both of same mass and same radius...

Basic Math
1.2K views

Complete the problem Check your answers in the back of the book 2 Elena and...

Statistics
1.2K views

Assuming that each firm represented has one sole owner how many categories for each firm...

Statistics
1.2K views

The nut hypothesis in words would be The proportion of all people that prefer Trydint...

Calculus
1.2K views

If y 1 2 x then In y Part 2 of 5 We can re...

Accounting
1.2K views

En relacin con un sistema de costo estndar que est siendo desarrollado por Flint Co.,...

Accounting
1.2K views

5: Number the following budgets in the order they are generally prepared: Factory Overhead Budget...

Accounting
1.2K views

Using a starting value of $80,000.. I did not mean to select an answer for...