Question
BR Company has a contribution margin of 8%. Sales are $517,000, net operating income is $41,360, and average operating assets are $136,000. What is the
BR Company has a contribution margin of 8%. Sales are $517,000, net operating income is $41,360, and average operating assets are $136,000. What is the company's return on investment (ROI)?
Multiple Choice
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30.4%
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0.3%
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3.8%
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8.0%
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Financial Accounting
Authors: Jr. Belverd E. Needles, Marian Powers
9th Edition
0547070020, 978-0547070025
