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Given the following data: Average operating assets $2,200,000 Total liabilities $396,000 Sales $1,650,000 Contribution margin $990,000 Net operating income $396,000 Return on investment (ROI) would
| Given the following data: |
| Average operating assets | $2,200,000 |
| Total liabilities | $396,000 |
| Sales | $1,650,000 |
| Contribution margin | $990,000 |
| Net operating income | $396,000 |
| Return on investment (ROI) would be: |
24.0%
18.0%
60.0%
45.0%
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Auditing
Authors: Thomas D. Hubbard, J. R. Johnson, Steve Johnson, Joel D. Hubbard
6th Edition
0873932609, 9780873932608
