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As the Staff Accountant for Investment Center 713, Calculate the October

Question 106

Essay

As the staff accountant for Investment Center 713, calculate the October 20xx ROI, using the following information:
 October 20xx profit margin 38% October 20xx sales $2,000,000 Assets at September 30,20xx1,850,000 Assets at October 31,20xx1,855,000\begin{array}{|l|l|}\hline \text { October } 20 \mathrm{xx} \text { profit margin } & 38 \% \\\hline \text { October } 20 \mathrm{xx} \text { sales } & \$ 2,000,000 \\\hline \text { Assets at September } 30,20 \mathrm{xx} & 1,850,000 \\\hline \text { Assets at October } 31,20 \mathrm{xx} & 1,855,000 \\\hline\end{array}

Correct Answer:

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Assets Invested = ($1,855,000 ...

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