Assume a company reported the following results:Sales$ 400,000Variable expenses260, e00Contribution marginFixed expenses140,00040,000Net operating incomeS 100, eeeAverage operating assets$ 450, e00The return on investment (RO) is closest to:Multiple Choice88.9%23.5%O 35.0%22.2%

Assume a company reported the following results: $ 400, 000 260,000 Sales Variable expenses Contribution margin Fixed expenses 140,e00 40,eee Net operating income S 100, eee Average operating assets $ 450, e00 The return on investment (RO) is closest to: Multiple Choice 88.9%

Assume a company reported the following results: $ 400, 000 260,000 Sales Variable expenses Contribution margin Fixed expenses 140,e00 40,eee Net operating income S 100, eee Average operating assets $ 450, e00 The return on investment (RO) is closest to: Multiple Choice 88.9%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Assume a company reported the following results:
Sales
$ 400,000
Variable expenses
260, e00
Contribution margin
Fixed expenses
140,000
40,000
Net operating income
S 100, eee
Average operating assets
$ 450, e00
The return on investment (RO) is closest to:
Multiple Choice
88.9%
23.5%
O 35.0%
22.2%

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