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4 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%

1 answer:

slavikrds [6]4 years ago

6 0

Answer:

b. 12.0%

Explanation:

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

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