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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) would
| 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) would be: |
20.0%
15.0%
60.0%
45.0%
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
