Question: Swifty Corporation recorded operating data for its auto accessories division for the year. Sales $960000 Contribution margin 380000 Total direct fixed costs 90000 Average total
Swifty Corporation recorded operating data for its auto accessories division for the year.
| Sales | $960000 |
| Contribution margin | 380000 |
| Total direct fixed costs | 90000 |
| Average total operating assets | 500000 |
How much is ROI for the year if management is able to identify a way to improve the contribution margin by $40000, assuming fixed costs are held constant?
58%
9%
84%
66%
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
