Essay
Ramsey Automotive Ltd. had sales of $3,500,000 and net operating income of $900,000 last year. Operating assets last year averaged $1,500,000. The company's manager is considering the purchase of a new machine which is expected to increase average operating assets by 20%.
Required: Calculate the company's new ROI if the new machine is purchased.
Correct Answer:
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The new ROI would be 56.6% cal...View Answer
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Correct Answer:
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