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Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses $400,000 260,000 140,000 40,000 Net operating income $100,000 Average operating assets $325,000 The return on investment (ROI) is closest to: Multiple Choice 35.0%. 22.3%. 123.1%. 30.8%.

Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses $400,000 260,000 140,000 40,000 Net operating income $100,000 Average operating assets $325,000 The return on investment (ROI) is closest to: Multiple Choice 35.0%. 22.3%. 123.1%. 30.8%.

FINANCIAL ACCOUNTING
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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Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses $400,000 260,000 140,000 40,000 Net operating income $100, 000 Average operating $325,000 assets The return on investment (ROI) is closest to: Multiple Choice 35.0%. 22.3%. 123.1%. 30.8%.
Transcribed Image Text:Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses $400,000 260,000 140,000 40,000 Net operating income $100, 000 Average operating $325,000 assets The return on investment (ROI) is closest to: Multiple Choice 35.0%. 22.3%. 123.1%. 30.8%.
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