I had another person answer this question, but they were all wrong except what I left in the boxes. Thanks.

Problem 11-20 Return on Investment (ROI) Analysis [LO11-1] The contribution format income statement for Huerra Company for last year is given below: Total Sales Variable expenses Unit $1,004,000 $50.20 602,400 30.12 Contribution margin Fixed expenses 401,600 20.08 323,600 16.18 78,000 31,200 1.56 3.90 Net operating income Income taxes @ 40% Net income $ 46,800 $ 2.34 The company had average operating assets of $494,000 during the year Required 1. Compute the company's return on investment (ROI) for the period using the ROl formula stated in terms of margin and turnover. (Round your intermediate calculations and final answer to 2 decimal places.) Margin Turnover ROI 2.03 15.79 %