Question
The following are the results for KCA Corp: Sales $ 15,000,000 Variable expenses 7,000,000 Contribution margin 8,000,000 Fixed expenses 3,500,000 Net operating income $ 4,500,000
- The following are the results for KCA Corp:
|
|
|
|
| Sales | $ | 15,000,000 |
| Variable expenses |
| 7,000,000 |
| Contribution margin |
| 8,000,000 |
| Fixed expenses |
| 3,500,000 |
| Net operating income | $ | 4,500,000 |
| Average operating assets | $ | 6,000,000 |
Last year's return on investment (ROI) was closest to:
- 4.0%
- 0.75%
- 18.9%
- 10.7%
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Alternative Minimum Tax For Individuals IRS Audit Technique Guide ATG
Authors: Internal Revenue Service
1st Edition
1304131556, 978-1304131553
