Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investment center generated a contribution margin of $400,000, fixed costs of $200,000 and sales of $2,000,000. The centers average operating assets were $800,000. How

An investment center generated a contribution margin of $400,000, fixed costs of $200,000 and sales of $2,000,000. The centers average operating assets were $800,000. How much is the return on investment?

Please express as a number without the % emblem i.e. 15 not 15% or 5.2 not 5.2%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Law And Economics Of Patent Damages, Antitrust, And Legal Process

Authors: James Langenfeld, Frank Fagan, Samuel Clark

2nd Edition

1800710259, 9781800710252

More Books

Students also viewed these Accounting questions

Question

1.2 Describe who performs HRM.

Answered: 1 week ago