Question
Given the following data: Average operating assets $ 512,000 Total liabilities $ 46,080 Sales $ 384,000 Contribution margin $ 215,040 Net operating income $ 46,080
Given the following data: Average operating assets $ 512,000 Total liabilities $ 46,080 Sales $ 384,000 Contribution margin $ 215,040 Net operating income $ 46,080 Return on investment (ROI) is:
-
12.0%
-
9.0%
-
56.0%
-
42.0%
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier Jr, Steven Glover, Douglas Prawitt
10th edition
77732502, 978-0077732509
