Question: Given the following data: Average operating assets $ 2,976,000 Total liabilities $ 342,240 Sales $ 1,488,000 Contribution margin $ 833,280 Net operating income $ 148,800

Given the following data:

Average operating assets $ 2,976,000
Total liabilities $ 342,240
Sales $ 1,488,000
Contribution margin $ 833,280
Net operating income $ 148,800

Return on investment (ROI) is:

Multiple Choice

  • 10.0%

  • 5.0%

  • 56.0%

  • 28.0%

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