Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following data: Average operating assets $ 1,080,000 Total liabilities $ 162,000 Sales $ 540,000 Contribution margin $ 297,000 Net operating income $ 86,400

Given the following data:

Average operating assets $ 1,080,000
Total liabilities $ 162,000
Sales $ 540,000
Contribution margin $ 297,000
Net operating income $ 86,400

Return on investment (ROI) is:

16.0%

8.0%

55.0%

27.5%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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