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Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 40,000 Net operating income $ 100,000 Average
Assume a company reported the following results:
| Sales | $ 400,000 |
|---|---|
| Variable expenses | 260,000 |
| Contribution margin | 140,000 |
| Fixed expenses | 40,000 |
| Net operating income | $ 100,000 |
| Average operating assets | $ 300,000 |
The return on investment (ROI) is closest to:
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
