1.

Given the following data:

Average operating assets	$	512,000
Total liabilities	$	46,080
Sales	$	384,000
Contribution margin	$	215,040
Net operating income	$	46,080

Return on investment (ROI) is:

2.

The following data has been provided for a companys most recent year of operations:

Return on investment		40	%
Average operating assets	$	60,000
Minimum required rate of return		18	%

The residual income for the year was closest to:

3.

Last year a company had sales of $460,000, a turnover of 2.9, and a return on investment of 75.4%. The company's net operating income for the year was:

4.

Largo Company recorded for the past year sales of $499,700 and average operating assets of $263,000. What is the margin that Largo Company needed to earn in order to achieve an ROI of 15.2%?

5.

Chavin Company had the following results during August: net operating income, $290,000; turnover, 8; and ROI 23%. Chavin Company's average operating assets were:

6.

The following data are for the Akron Division of Consolidated Rubber, Inc.:

Sales	$	890,000
Net operating income	$	73,000
Average operating assets	$	390,000
Stockholders' equity	$	89,000
Residual income	$	29,000

For the past year, the minimum required rate of return was: