Bonilla Incorporated has a $700,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses Multiple Choice The ROI for the investment opportunity is closest to: O 22.4% 21.2% 7.0% $ 2,240,000 128.0% 40% of sales $ 739,200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bonilla Incorporated has a $700,000 investment opportunity with the following characteristics:
Sales
Contribution margin ratio
Fixed expenses
Multiple Choice
The ROI for the investment opportunity is closest to:
22.4%
21.2%
7.0%
$ 2,240,000
128.0%
40% of sales
$ 739,200
Transcribed Image Text:Bonilla Incorporated has a $700,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses Multiple Choice The ROI for the investment opportunity is closest to: 22.4% 21.2% 7.0% $ 2,240,000 128.0% 40% of sales $ 739,200
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