BR Company has a contribution margin of 20%. Sales are $403,000, net operating income is $80,600, and average operating assets are $128,000. What is the company's return on investment (ROI)? Multiple Choice 63.0% 0.3% 20.0% 3.2%

BR Company has a contribution margin of 20%. Sales are $403,000, net operating income is $80,600, and average operating assets are $128,000. What is the company's return on investment (ROI)? Multiple Choice 63.0% 0.3% 20.0% 3.2%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

BR Company has a contribution margin of 20%. Sales are $403,000, net operating income is $80,600, and average operating assets are $128,000. What is the company's return on investment (ROI)?

Multiple Choice

63.0%
0.3%
20.0%
3.2%

Formula Formula ROI (%) = Net Income Principal Amount × 100

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