Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following data: Average operating assets Total liabilities Sales Contribution margin Net operating income $512,000 $ 46,080 $384,000 $215,040 $ 46,080 Return on investment

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Given the following data: Average operating assets Total liabilities Sales Contribution margin Net operating income $512,000 $ 46,080 $384,000 $215,040 $ 46,080 Return on investment (ROI) is: o 12.0% o 9.0% o 56.0% BR Company has a contribution margin of 11%. Sales are $530,000, net operating Income is $58,300, and average operating assets are $137.000. What is the company's return on investment (ROI? Multiple Choice Last year a company had sales of $370,000, a turnover of 2.6, and a return on investment of 49.4%. The company's net operating income for the year was: Multiple Choice 3142, si Largo Company recorded for the past year sales of $730,000 and average operating assets of $292,000. What is the margin that Largo Company needed to earn in order to achieve an ROI of 32.5%? Multiple Choice . 32.50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Decision Makers

Authors: Eddie McLaney, Peter Atrill

4th Edition

9780273688471

More Books

Students also viewed these Accounting questions

Question

Would you rather work for a small or large business? Why?

Answered: 1 week ago

Question

Outline five major criticisms of humanistic psychologies.

Answered: 1 week ago