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20 April, 10:02

Given the following dа ta: 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%

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Answers (1)
  1. 20 April, 13:32
    0
    b. 12.0%

    Explanation:

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