Question: 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

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:

  • 12.0%

  • 9.0%

  • 56.0%

  • 42.0%

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!