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11 The contribution margin at Approval, Inc. was calculated to be 8% when sales were $497,000, net operating income was $39,760, and average operating
11 The contribution margin at Approval, Inc. was calculated to be 8% when sales were $497,000, net operating income was $39,760, and average operating assets were $135,000. What was Approval Inc.'s return on investment (ROI)? 20 points 8 01:07:43 Multiple Choice 3.7% 29.5% 0.3% 8.0%
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
3rd edition
132890542, 978-0132890540
