during the current year, music company's piano division reports sales of $750,000 and operating assets of...

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during the current year, music company's piano division reports sales of $750,000 and operating assets of...

during the current year, music company's piano division reports sales of $750,000 and operating assets of $375,000. What is the sales margin that the piano division must earn in order to achieve a return on investment of 15%?

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Answer 1

Answer #1

Answer : Sales Margin required to be earned to get a return on investment = 7.5%

Calculated as

Investment = $375000

Return on Investment = 15%

Return on investment in Dollars = 15% of $375000 = $56250

% of Return on sale or Sales Margin = $56250*100/$750000 = 7.5%

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Answer 2

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during the current year, music company's piano division reports sales of $750,000 and operating assets of...

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