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3. Assume the following sales data for a company: 2020 2019 2018 If 2018 is the base year, what is the percentage increase in
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Answer #1

3). Increase in sales from 2018 to 2019 = sales of 2019 - sales of 2018

= $877,500 - $675,000

= $202,500

Percentage increase in sales taking 2018 as base year = (increase in sales / sales of year 2018) * 100

= ($202,500 /$675,000)*100

= 30%

Hence, option B is correct.

4). ROI (return on investment) = controllable margin / average fixed assets

= $160,000/$4,000,000

= 0.04 or 4%

Hence, option A is correct.

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