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6. BR Company has a contribution margin of 19%. Sales are $595,000, net operating income is $113,050, and average operating assets are $140,000. What is
6. BR Company has a contribution margin of 19%. Sales are $595,000, net operating income is $113,050, and average operating assets are $140,000. What is the company's return on investment (ROI)?
7. Given the following data:
Average operating assets | $ | 1,036,000 |
Total liabilities | $ | 77,700 |
Sales | $ | 518,000 |
Contribution margin | $ | 269,360 |
Net operating income | $ | 150,220 |
Return on investment (ROI) is:
52.0%
26.0%
14.5%
29.0%
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