Question
A company has a contribution margin of 25%. Sales are $600,000. Variable costs are $450,000. Net operating income is $80,000. Average operating assets are $400,000.
A company has a contribution margin of 25%.
Sales are $600,000.
Variable costs are $450,000.
Net operating income is $80,000.
Average operating assets are $400,000.
Total assets are $500,000.
Total fixed costs are $70,000
What is the company's return on investment (ROI)?
Group of answer choices
25%
15%
20%
32%
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
5th Edition
1634541367, 978-1634541367
