Problemlast year sales were 140000 net operating income was, Ask an Expert

Accounting

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Last year sales were $140,000, net operating income was $65,000, and average operating assets were $300,000. If sales next year remain the same as last year and expenses and average operating assets are reduced by 5%, what will be the return on investment next year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92739233

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