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Given the following data: Average operating assets $ 2,016,000 Total liabilities $ 151,200 Sales $ 1,008,000 Contribution margin $ 604,800 Net operating income $ 252,000
Given the following data:
| Average operating assets | $ | 2,016,000 |
| Total liabilities | $ | 151,200 |
| Sales | $ | 1,008,000 |
| Contribution margin | $ | 604,800 |
| Net operating income | $ | 252,000 |
Return on investment (ROI) is:
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Accounting
Authors: John Hoggett, Lew Edwards, John Medlin
6th Edition
0470806583, 978-0470806586
