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Crane Corp. reported the following: Beginning of year operating assets $3,222,000 End of year operating assets 3,022,000 Contribution margin 1,022,000 Sales 5,022,000 Controllable fixed costs
Crane Corp. reported the following: Beginning of year operating assets $3,222,000 End of year operating assets 3,022,000 Contribution margin 1,022,000 Sales 5,022,000 Controllable fixed costs 622,384 Its required return is 11%. Compute the company's ROI. (Round answer to 1 decimal place, e.g. 52.7%.) ROI %
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