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Business, 24.10.2019 00:50 gatornathan79

The miserly manufacturing company's cpo has been tasked with reducing inventory in order to facilitate achieving its cfo's return on assets (roa) objective for the next fiscal year. inventory investments currently represent 37% of total assets. the most recent balance sheet indicates that total assets are $750,000. last fiscal year, miserly achieved a 5% profit margin on $1,312,500 in annual sales. roa was 8.75%. this year the cfo wishes to achieve a 9.89% roa. what will investment in inventory have to be in order to achieve this goal?

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