[The following information applies to the questions displayed below.] The following information relates to a company's operations for last year. Sales Variable expenses Contribution margin Fixed expenses $ 1,500,000 530,000 970,000 670,000 Net operating income $ 300,000 Average operating assets $ 937,500 The company's minimum required rate of return is 10%. 1. Calculate last year's return on Investment (ROI). ROI % 10 of 10 Next >