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Anguiano Incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income The company's average operating assets were $5,000,000. Last year's return on investment (ROI) was closest to: Multiple Choice O O O 7.0% 14.7% 45.8% $ 10,500,000 8,210,000 2,290,000 1,555, 000 $ 735,000 47.6%

Anguiano Incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income The company's average operating assets were $5,000,000. Last year's return on investment (ROI) was closest to: Multiple Choice O O O 7.0% 14.7% 45.8% $ 10,500,000 8,210,000 2,290,000 1,555, 000 $ 735,000 47.6%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Anguiano Incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Multiple Choice The company's average operating assets were $5,000,000. Last year's return on investment (ROI) was closest to: O O O 7.0% 14.7% 45.8% $ 10,500,000 8,210,000 47.6% 2, 290,000 1, 555,000 $ 735,000
Transcribed Image Text:Anguiano Incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Multiple Choice The company's average operating assets were $5,000,000. Last year's return on investment (ROI) was closest to: O O O 7.0% 14.7% 45.8% $ 10,500,000 8,210,000 47.6% 2, 290,000 1, 555,000 $ 735,000
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