Question: Given the following data: Average operating assets $ 688,000 Total liabilities $ 103,200 Sales $ 344,000 Contribution margin $ 196,080 Net operating income $ 61,920

Given the following data:

Average operating assets $ 688,000
Total liabilities $ 103,200
Sales $ 344,000
Contribution margin $ 196,080
Net operating income $ 61,920

Return on investment (ROI) is:

Multiple Choice

  • 18.0%

  • 9.0%

  • 57.0%

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