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Concord Company recorded the following operating data: Sales $1259000 Contribution margin 471120 Total direct fixed costs 410000 Total operating assets Jan. 1, 2022 743000 Total
Concord Company recorded the following operating data:
| Sales | $1259000 |
| Contribution margin | 471120 |
| Total direct fixed costs | 410000 |
| Total operating assets Jan. 1, 2022 | 743000 |
| Total operating assets Dec. 31, 2022 | 785000 |
| Concord Companys desired return | 15% |
What is Concord Companys ROI, rounded to the nearest whole number?
8%
15%
55%
52%
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Advanced Financial Accounting
Authors: Theodore Christensen, David Cottrell, Cassy Budd
13th Edition
1260772136, 9781260772135
