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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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