Answer
30.9%
Work Step by Step
If the company pursues the investment opportunity and otherwise performs the same as last year, this year's ROI would be:
$ROI= Margin * Turnover = 19.17 * 1.61=30.9$%
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
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: 9
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