Question
Lara Inc. reported the following results from last year's operations: Sales.. $ 14,600,000 Variable expenses. 6,910,000 Contribution margin. 7,690,000 Fixed expenses. 5,955,000 Net operating income..
- Lara Inc. reported the following results from last year's operations:
| Sales.. | $ | 14,600,000 |
| Variable expenses. |
| 6,910,000 |
| Contribution margin. |
| 7,690,000 |
| Fixed expenses. |
| 5,955,000 |
| Net operating income.. | $ | 1,735,000 |
The company's average operating assets were $9,000,000.
Question: What is companys Return on Investment (ROI)?
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Commercial Energy Auditing Reference Handbook
Authors: Steve Doty
2nd Edition
1439851972, 978-1439851975
