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Cullumber Company had the following operating data for the current year: sales, $450000; contribution margin, $108000; total fixed costs (controllable), $55000; and average total operating
Cullumber Company had the following operating data for the current year: sales, $450000; contribution margin, $108000; total fixed costs (controllable), $55000; and average total operating assets, $250000. If management is able to improve its contribution margin by $17000 and hold its fixed costs constant, what would Cullumber's ROI be for the year? 21%16%43%28%
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