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Please look carefully and answer all the remaining blanks correctly for a good review! 5.00 points The contribution format income statement for Huerra Company for
Please look carefully and answer all the remaining blanks correctly for a good review!
5.00 points The contribution format income statement for Huerra Company for last year is given below. Total Unit Sales 4,000,000 80.00 Variable expenses 2.800.000 56.00 Contribution margin 1,200,000 24.00 Fixed expenses 840.000 16.80 Net operating income 360.000 7.20 2.16 Income taxes @30% 108,000 5.04 252,000 Net income The company had average operating assets of $2,000,000 during the year Required: 1. Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover (Round your answers to 2 decimal place.) Margin times Turnover ROIStep by Step Solution
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