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Nasser Inc. reported the following results from last years operations: Sales $ 12,600,000 Variable expenses 7,760,000 Contribution margin 4,840,000 Fixed expenses 3,706,000 Net operating income
Nasser Inc. reported the following results from last years operations:
| Sales | $ | 12,600,000 |
| Variable expenses | 7,760,000 | |
| Contribution margin | 4,840,000 | |
| Fixed expenses | 3,706,000 | |
| Net operating income | $ | 1,134,000 |
| Average operating assets | $ | 6,000,000 |
Last year's return on investment (ROI) was closest to:
Multiple Choice
9.0%
47.6%
18.9%
80.7%
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
13th Edition
007232726X, 9780072327267
