Answered step by step
Verified Expert Solution
Question
1 Approved Answer
OfficeBox Inc. has a $689,545 investment opportunity with the following characteristics: Sales $ 6,330,000 Contribution margin ratio 30 % of sales Fixed expenses $ 1,767,400
OfficeBox Inc. has a $689,545 investment opportunity with the following characteristics:
|
| |||
Sales | $ | 6,330,000 |
| |
Contribution margin ratio |
| 30 | % of sales | |
Fixed expenses | $ | 1,767,400 |
| |
- The ROI for the investment opportunity is closest to:
A) 12.5%
B) 19.1%
C) 32.3%
D) 18.6%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started