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Total $ Sales $1,110,000 Variable expenses 675,000 Contribution margin 435,000 Fixed expenses: Traceable and controllable 300,000 Segment performance margin 135,000 Fixed expenses: Traceable NOT controllable

Total
$
Sales $1,110,000
Variable expenses 675,000
Contribution margin 435,000
Fixed expenses: Traceable and controllable 300,000
Segment performance margin 135,000
Fixed expenses: Traceable NOT controllable 85,000
Segment margin 50,000
Fixed expenses: Common 30,000
Net income $20,000

Assets were $300,000. What is the ROA?

Group of answer choices

3.33%

4.00%

6.67%

8.33%

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