Question
BR Company has a contribution margin of 18%. Sales are $447,000, net operating income is $80,460, and average operating assets are $133,000. What is the
BR Company has a contribution margin of 18%. Sales are $447,000, net operating income is $80,460, and average operating assets are $133,000. What is the company's return on investment (ROI)?
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
