FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

BR Company has a contribution margin of 12%. Sales are $629,000, net operating income is $75,480, and average operating assets are $142,000. What is the

BR Company has a contribution margin of 12%. Sales are $629,000, net operating income is $75,480, and average operating assets are $142,000. What is the company's return on investment (ROI)?

Multiple Choice

4.4%

12.0%

53.2%

0.2%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting Principles Part 3

Accounting Principles Part 3

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

6th Canadian edition Volume 1

978-1118306802

Students also viewed these Accounting questions

Question

1. What might need to be done differently given that the supervisor is Turkish with Istanbul as the context?

Answered: 1 week ago

Question

★★★★★
The Cincinnati Zoo and Botanical Gardens had a record attendance of 1.87 million visitors in 2017 (Cincinnati Business Courier website). Nonprofit organizations such as zoos and museums are becoming...

Answered: 1 week ago

Question

★★★★★
5. Investors attribute all securities' systematic risks to one factor, F. Suppose portfolios A, B, and C are well-diversified. We know B E(r) A B 1 1.5 35% 50% C 0.5 20% (a) Is there an arbitrage...

Answered: 1 week ago

Question

★★★★★
a. continuous Select the 1 ball option and click Start. What do you see? Now select the Option and click Start. How does the simulation differ from the one-ball simulation? How are these balls...

Answered: 1 week ago

Question

★★★★★
Is it possible to conduct research study that is both cross-sectional as well as longitudinal at the same time? Explain with an example.

Answered: 1 week ago

Question

★★★★★
QUESTION ONE A $80,000 loan is made at a 16 percent (nominal) rate of interest for 25 years. What are the constant monthly mortgage payments on this loan, assuming it is to be fully amortized at the...

Answered: 1 week ago

Question

★★★★★
Write a two-page essay that explains why in perfect competition, there are no economic profits or losses in the long run. Use a minimum of two academic journal articles from the CSU Online Library....

Answered: 1 week ago

Question

★★★★★
A gift shop in a tourist area sells a certain item at a steady rate, year-round, with an annual demand of 15,000 units. When stock runs out, the shop calls the distributor to place an order for more...

Answered: 1 week ago

Question

★★★★★
The Quality Controller of MNT Bhd. has been inspecting product ENT at a rate of 250 samples per day for the past 60 days. The total number of defective products found is 500 units. Calculate the...

Answered: 1 week ago

Previous Question Next Question