Gamma Ltd has an operating income of $351316, revenue of $2595676 and total assets of $2504986. The current return on investment (ROI) of Gamma is below their expectation. To increase the ROI to 19%, the business needs to achieve an investment turnover of (Present the final answer as a 2-decimal place number, NOT as a percentage.)

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.3.3MBA
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Question 9
Gamma Ltd has an operating income of $351316, revenue of $2595676 and total assets of $2504986. The current return on investment (ROI) of Gamma is below their
expectation. To increase the ROI to 19%, the business needs to achieve an investment turnover of
(Present the final answer as a 2-decimal place number,
NOT as a percentage.)
Transcribed Image Text:Question 9 Gamma Ltd has an operating income of $351316, revenue of $2595676 and total assets of $2504986. The current return on investment (ROI) of Gamma is below their expectation. To increase the ROI to 19%, the business needs to achieve an investment turnover of (Present the final answer as a 2-decimal place number, NOT as a percentage.)
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