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torisob [31]
3 years ago
14

Given the following data: Average operating assets $ 1,372,000 Total liabilities $ 144,060 Sales $ 1,029,000 Contribution margin

$ 535,080 Net operating income $ 164,640 Return on investment (ROI) is:
a. 16.0%
b. 12.0%
c. 52.0%
d. 39.0%
Business
1 answer:
slavikrds [6]3 years ago
6 0

Answer:

b. 12.0%

Explanation:

ROI=Net operating income/Avg operating assets = 164640/1372000 = 12%

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