Ramsey automotive ltd had sales of 2000000 and net

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Reference no: EM13596176

Ramsey Automotive Ltd. had sales of $2,000,000 and net operating income of $600,000 last year. Operating assets last year averaged $1,000,000. The Company's manager is considering the purchase of a new machine which is expected to increase average operating assets by 6%.

Required: Calculate the company's new ROI if the new machine is purchases.

Reference no: EM13596176

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