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Minar Incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets At the
Minar Incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $ 5,700,000 3,510,000 2,190,000 1,734,000 $ 456,000 $ 3,000,000 $ 1,530,000 60% of sales $ 810,900 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined ROI for the entire company will be closest to:
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