Sales $1248000 Contribution margin 466560 Total direct fixed costs 405000 Total operating assets Jan. 1, 2022 740000 Total operating assets Dec. 31, 2022 799000 Bramble Company's desired return 12%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Sales
$1248000
Contribution margin
466560
Total direct fixed costs
405000
Total operating assets Jan. 1, 2022
740000
Total operating assets Dec. 31, 2022
799000
Bramble Company's desired return
12%
What is Bramble Company's ROI, rounded to the nearest whole number?
8%
O 12%
O 55%
O 51%
Transcribed Image Text:Sales $1248000 Contribution margin 466560 Total direct fixed costs 405000 Total operating assets Jan. 1, 2022 740000 Total operating assets Dec. 31, 2022 799000 Bramble Company's desired return 12% What is Bramble Company's ROI, rounded to the nearest whole number? 8% O 12% O 55% O 51%
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting for Business Combinations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education