Question
An investment centre generated a contribution margin of $199700, controllable fixed costs of $100800 and sales of $999000. The centre's average operating assets were $430000.
An investment centre generated a contribution margin of $199700, controllable fixed costs of $100800 and sales of $999000. The centre's average operating assets were $430000. How much is the return on investment? A.)162% B.)46% C.)23% D.)70%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
