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Given the following data: Average operating assets $ 688,000 Total liabilities $ 103,200 Sales $ 344,000 Contribution margin $ 196,080 Net operating income $ 61,920
Given the following data:
| Average operating assets | $ | 688,000 |
| Total liabilities | $ | 103,200 |
| Sales | $ | 344,000 |
| Contribution margin | $ | 196,080 |
| Net operating income | $ | 61,920 |
Return on investment (ROI) is:
Multiple Choice
-
18.0%
-
9.0%
-
57.0%
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Managerial Accounting
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
9th Edition
0538842822, 978-0538842822
