Current Attempt in Progress

Waterway Industries recorded operating data for its shoe division for the year as follows:

Sales

Contribution margin

Total fixed costs

Average total operating

assets

$$780000$

$121000$

$66400$

$430000$

What is the ROI for the year if management is able to identify a way to improve the contribution margin by $$40000,$ assuming fixed costs are held constant?

$22\%$

$13\%$

$19\%$

$21\%$

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