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[This is the question that was malfunctioning on Connect. Thus, instructor inserted some numbers for Sales, etc. which may not be identical to whatever was
[This is the question that was malfunctioning on Connect. Thus, instructor inserted some numbers for Sales, etc. which may not be identical to whatever was originally in Connect (because they are not visible now)...but, will give you practice for this kind of problem.] Assume a company reported the following results: Sales $310,000 Variable Expenses Contribution Margin $240,000 Fixed Expenses 140,000 Net Operating Income $100,000 Average Operating Assets $600,000 The Return on Investment (ROI) is closest to: O 16.7% O 25% O 35% O 66.7% 70,000 A
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