Question
Marigold Corp. recorded operating data for its auto accessories division for the year. Sales $740000 Contribution margin 150000 Total direct fixed costs 90000 Average total
Marigold Corp. recorded operating data for its auto accessories division for the year.
| Sales | $740000 |
| Contribution margin | 150000 |
| Total direct fixed costs | 90000 |
| Average total operating assets | 500000 |
How much is ROI for the year if management is able to identify a way to improve the contribution margin by $50000, assuming fixed costs are held constant?
12.0%
40.0%
12.2%
22.0%
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Wiley CIA Essentials Of Internal Auditing Exam Review 2022 Part 1
Authors: S. Rao Vallabhaneni
1st Edition
1119846285, 978-1119846284
