Question: Given the following data: Average operating assets $1,116,000 Total liabilities $167,400 Sales $837,000 Contribution margin $502,200 Net operating income $167,400 Return on investment (ROI) is:

Given the following data:

Average operating assets $1,116,000

Total liabilities $167,400

Sales $837,000

Contribution margin $502,200

Net operating income $167,400

Return on investment (ROI) is:

Multiple Choice

  • 15.0%
  • 60.0%
  • 20.0%
  • 45.0%

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