Lampent Lightings Company recorded for the past year sales of P522,500 and average operating assets of P250,000. The margin that Lampent needed to earn in order to achieve an ROI of 12.75% is %. Round-off final answer to 2 decimal places. For uniformity of answers, use 5 decimal places for interim calculations.

Lampent Lightings Company recorded for the past year sales of P522,500 and average operating assets of P250,000. The margin that Lampent needed to earn in order to achieve an ROI of 12.75% is %. Round-off final answer to 2 decimal places. For uniformity of answers, use 5 decimal places for interim calculations.

Name: Lampent Lightings Company recorded for the past year sales of P522,50
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Description: Lampent Lightings Company recorded for the past year sales of P522,500 andaverage operating assets of P250,000. The margin that Lampent needed to earn inorder to achieve an ROI of 12.75% is%.Round-off final answer to 2 decimal places.For uniformity

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 25E

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