Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 11 - Performance Measurement in Decentralized Organizations - The Foundational 15 - Required - Page 499: 6

Answer

25%

Work Step by Step

The ROI related to this year’s investment opportunity: $This \ year's \ margin * Turnover=15 * 1.67=25$%
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