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2. Tennill Inc. has a $1,400,000 investment opportunity with the following characteristics: Sales $ 4,480,000 Contribution margin ratio 40 % of sales Fixed expenses $
2. Tennill Inc. has a $1,400,000 investment opportunity with the following characteristics:
| Sales | $ | 4,480,000 | |
| Contribution margin ratio | 40 | % of sales | |
| Fixed expenses | $ | 1,657,600 | |
The ROI for this year's investment opportunity considered alone is closest to:
Multiple Choice
3.0%
9.6%
8.1%
128.0%
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Murder Audit
Authors: Michelle Cornish
1st Edition
1775083624, 978-1775083627
