Problem 9-20A Return on Investment (ROI) Analysis [LO1]

The contribution format income statement for Westex, Inc., for its most recent period is given below:

	Total		Unit
Sales	$	1,000,000	$	50.00
Variable expenses		600,000		30.00
Contribution margin		400,000		20.00
Fixed expenses		318,000		15.90
Net operating income		82,000		4.10
Income taxes @ 40%		32,800		1.64
Net income	$	49,200	$	2.46

The company had average operating assets of $497,000 during the period.

Required:
1.	Compute the company