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The contribution format income statement for Huerra Company for last year is given below Total Unit 998,000 s 49.90 Sales 29.94 598,800 Variable expenses 19.96
The contribution format income statement for Huerra Company for last year is given below Total Unit 998,000 s 49.90 Sales 29.94 598,800 Variable expenses 19.96 Contribution margin 399.200 15.76 Fixed expenses 315.200 84,000 4.20 Net operating income 33,600 1.68 Income taxes 40% 50,400 2.52 Net income The company had average operating assets of S496,000 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 intermediate calculations and final answer to 2 decimal places. 8.42 Margin 2.01 Turnover ROI 16.90
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