Question
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 $ 650,000
The return on investment (ROI) is closest to: Multiple Choice 35.0%. 25.5%. 61.5%. Or 15.4%.
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Information For Decision Making Readings In Cost And Managerial Accounting
Authors: Alfred Rappaport
3rd Edition
0134643542, 978-0134643540
