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FInd the ROE and ROI for the attached income statement. $ S/UNIT % REVENUES 29.500 25 100.00% TOTAL REVENUES 29,500 25 100.00% VARIABLE EXPENSES 3
FInd the ROE and ROI for the attached income statement.
$ S/UNIT % REVENUES 29.500 25 100.00% TOTAL REVENUES 29,500 25 100.00% VARIABLE EXPENSES 3 38.98% 5 Supplies Vehicles Utilities Wages Insurance 2000 5,000 1000 2500 1000 1 2 TOTAL VARIABLE EXPENSES 11.500 10 38.98% TOTAL CONTRIBUTION MARGIN 18,000 15 61.02% FIXED EXPENSES Rent Advertising 1000 300 TOTAL FIXED EXPENSES 1,300 16.700 NET INCOME BEFORE INCOME TAXES (Operating Income) INCOME TAXES EXPENSE 2,505 NET INCOME 14,195 $ S/UNIT % REVENUES 29.500 25 100.00% TOTAL REVENUES 29,500 25 100.00% VARIABLE EXPENSES 3 38.98% 5 Supplies Vehicles Utilities Wages Insurance 2000 5,000 1000 2500 1000 1 2 TOTAL VARIABLE EXPENSES 11.500 10 38.98% TOTAL CONTRIBUTION MARGIN 18,000 15 61.02% FIXED EXPENSES Rent Advertising 1000 300 TOTAL FIXED EXPENSES 1,300 16.700 NET INCOME BEFORE INCOME TAXES (Operating Income) INCOME TAXES EXPENSE 2,505 NET INCOME 14,195Step by Step Solution
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