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The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 1 , 0 0 0 , 0
The contribution format income statement for Huerra Company for last year is given below:
Total Unit
Sales $ $
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Income taxes @
Net income $ $
The company had average operating assets of $ during the year.
At the beginning of the year, obsolete inventory carried on the books at a cost of $ is scrapped and written off as a loss, thereby lowering net operating income
What is Margin Turnover and ROI?
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