Question
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%
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Accounting Information For Business Decisions
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
2nd Edition
0170253708, 978-0170253703
