Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Buff Company had average operating assets of $640,000 and sales of $184,000 last year. If the controllable margin was $50,000, what was the ROI? 27.17%

Buff Company had average operating assets of $640,000 and sales of $184,000 last year. If the controllable margin was $50,000, what was the ROI?

27.17%

7.81%

20.94%

28.75%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Students also viewed these Accounting questions

Question

How is an avoidable cost related to a relevant cost?

Answered: 1 week ago

Question

Describe ERP and how it can create efficiency within a business

Answered: 1 week ago

Question

What magazine and ads did you choose to examine?

Answered: 1 week ago