Question: Given the following data: Average operating assets $ 1,080,000 Total liabilities $ 162,000 Sales $ 540,000 Contribution margin $ 297,000 Net operating income $ 86,400

Given the following data:

Average operating assets $ 1,080,000
Total liabilities $ 162,000
Sales $ 540,000
Contribution margin $ 297,000
Net operating income $ 86,400

Return on investment (ROI) is:

16.0%

8.0%

55.0%

27.5%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!