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<blockquote data-quote="LoraL" data-source="post: 1699537" data-attributes="member: 322521">Cash sales—$125,000Credit sales—$120,000Accounts receivable, beginning—$145,000Accounts receivable, ending—$135,0009. What amount of sales revenue was shown on the income statement?A. $120,000 C. $245,000B. $125,000 D. $255,000Use the following information to answer questions 10 and 11:Sales revenue—$350,000Cost of goods sold—$250,000Rent—$50,000Insurance—$32,500Operating assets at the beginning of the year—$40,000Operating assets at the end of the year—$44,00010. What is the return on investment (ROI)? (Round your answer to two decimals.)A. 2.38 C. 8.33B. 5.00 D. 41.6711. Which of the following would increase the company’s ROI?A. Increasing sales price or volumeB. Decreasing sales price or volumeC. Increasing operating expensesD. Increasing investment in operating assets</blockquote>

[QUOTE="LoraL, post: 1699537, member: 322521"] Cash sales—$125,000 Credit sales—$120,000 Accounts receivable, beginning—$145,000 Accounts receivable, ending—$135,000 9. What amount of sales revenue was shown on the income statement? A. $120,000 C. $245,000 B. $125,000 D. $255,000 Use the following information to answer questions 10 and 11: Sales revenue—$350,000 Cost of goods sold—$250,000 Rent—$50,000 Insurance—$32,500 Operating assets at the beginning of the year—$40,000 Operating assets at the end of the year—$44,000 10. What is the return on investment (ROI)? (Round your answer to two decimals.) A. 2.38 C. 8.33 B. 5.00 D. 41.67 11. Which of the following would increase the company’s ROI? A. Increasing sales price or volume B. Decreasing sales price or volume C. Increasing operating expenses D. Increasing investment in operating assets [/QUOTE]

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