
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Flamengo Co is a sporting goods manufacturing. Its basketball division had a margin of 30% and a turnover
of 5. What happened to the basketball division ROI if the turnover ratio increased by 10% and the margin
remains the same?
decrease by 10%.
increase by 10%.
O remain the same.
O increase by 15%.
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