Question
Given the following data: Average operating assets $1,116,000 Total liabilities $167,400 Sales $837,000 Contribution margin $502,200 Net operating income $167,400 Return on investment (ROI) is:
Given the following data:
Average operating assets $1,116,000
Total liabilities $167,400
Sales $837,000
Contribution margin $502,200
Net operating income $167,400
Return on investment (ROI) is:
Multiple Choice
- 15.0%
- 60.0%
- 20.0%
- 45.0%
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
1259261433, 978-1260305838
