answer in text form please (without image) For its three investment centers, Gerrard Company accumulates the following data:SalesControllable marginAverage operating assetsI$1,940,0001,358,0004,956,000The expected return oninvestment||$3,938,000 $3,914,0003,522,60012,189,0001,969,0007,957,000The centers expect the following changes in the next year: (I) increase sales 16%: (II) decrease costs $396,000; (III) decrease averageoperating assets $504,000.Compute the expected return on investment (ROI) for each center. Assume center I has a controllable margin percentage of 70%.(Round ROI to 1 decimal place, e.g. 1.5%.)23.9 %1135.9%34.4%

Return on investment is the financial ratio that measures the profitability of gaining return from…

For its three investment centers, Gerrard Company accumulates the following data: Sales $1,940,000 Controllable margin 1,358,000 Average operating assets 4,956,000 I 11 The expected return on investment $3,938,000 $3,914,000 1,969,000 3,522,600 7,957,000 12,189,000 The centers expect the following changes in the next year: (1) increase sales 16 % : (II) decrease costs $396,000; (III) decrease average operating assets $504,000. Compute the expected return on investment (ROI) for each center. Assume center I has a controllable margin percentage of 70%. Round ROI to 1 decimal place, e.g. 1.5%) 23.9 % 11 35.9 % 34.4

For its three investment centers, Gerrard Company accumulates the following data: Sales $1,940,000 Controllable margin 1,358,000 Average operating assets 4,956,000 I 11 The expected return on investment $3,938,000 $3,914,000 1,969,000 3,522,600 7,957,000 12,189,000 The centers expect the following changes in the next year: (1) increase sales 16 % : (II) decrease costs $396,000; (III) decrease average operating assets $504,000. Compute the expected return on investment (ROI) for each center. Assume center I has a controllable margin percentage of 70%. Round ROI to 1 decimal place, e.g. 1.5%) 23.9 % 11 35.9 % 34.4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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