Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the entrepreneur who founded the company is convin

The entrepreneur who founded the company is convinced that sales will increase next year by...

50.1K

Verified Solution

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!
Become a Member

Other questions asked by students

Biology
1.2K views

Acyl-CoA dehydrogenase deficiencies are diseases related to the impaired ability to oxidize fatty acids via beta...

Mechanical Engineering
1.2K views

1--Defects of various castings and suggest suitable remedies?? 2-- Comparisons of quality aspects of metal casting processes ??

Advance Math
1.2K views

Consider the following relation AIRLINE TABLE Flight Date Flight ID Origin Destination Captain ID Captain Name Number of Passengers on the Flight April 10 111 Chicago L.A. 111 Tracy 110 April 10 222 L.A. Phoenix 222 Matt 105 April 12 111 Chicago L.A. 444 Tim 98 April 12 333 L.A. N.Y. 111 Tracy 75 April 12 444 L.A. N.Y. 333 Pat 110 April...

Physics
1.2K views

5 Points Which of the following is readily a good source to form an interference...

Basic Math
1.2K views

1 point What is the vector between the point 10a 36 and the point 5a...

Basic Math
1.2K views

What is the actual interest rate needed for an investment of 10 000 to double...

Algebra
1.2K views

The mass of Planet A is approximately 4x 1029 kilograms and the mass of Planet...

Accounting
1.2K views

the food division of garcia company reports the following for the current year. sales $...

Accounting
1.2K views

6. Paid 53 soe for Warier and wages due nnployees, of which 53,500 is for...

Accounting
1.2K views

Shipping costs at Fisheries Inc. are a mixed cost with variable and fixed cost components....

Accounting
1.2K views

In 2021, Charlie had a net capital loss of $6,650 and taxable income of $120,000....

Accounting
1.2K views

provide the case summary of the case "Salomon V Salomon & Co Ltd. (1897)" Using...