Solved: Busservcom corporation provides business-to-business, Accounting Basics

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Busservcom corporation provides business-to-business

Question - BusServ.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below:

Sales$14,040,000 Net operating income$1,193,400 Average operating assets$5,200,000

The entrepreneur who founded the company is convinced that sales will increase next year by 160% and that net operating income will increase by 420%, with no increase in average operating assets. What would be the company's ROI?

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Accounting Basics: Busservcom corporation provides business-to-business

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Accounting Basics: Busservcom corporation provides business-to-business

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