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

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: $ROI= Margin * Turnover = 19.17 * 1.61=30.9$%

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