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The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $1,008,000 $50.40 Variable expenses 604,800 30.24 Contribution margin 403,200 20.16 Fixed expenses 321,200 16.06 Net operating income 82,000 4.10 Income taxes @ 40 % 32,800 1.64 $2.46 Net operating income $49,200 The company had average operating assets of $490,000 during the year. Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover.

The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $1,008,000 $50.40 Variable expenses 604,800 30.24 Contribution margin 403,200 20.16 Fixed expenses 321,200 16.06 Net operating income 82,000 4.10 Income taxes @ 40 % 32,800 1.64 $2.46 Net operating income $49,200 The company had average operating assets of $490,000 during the year. Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover.

SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter22: S Corporations
Section: Chapter Questions
Problem 16CE
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The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $1,008,000 $50.40 Variable expenses 604,800 30.24 Contribution margin 403,200 20.16 Fixed expenses 321,200 16.06 Net operating income 82,000 4.10 Income taxes @ 40 % 32,800 1.64 $2.46 Net operating income $49,200 The company had average operating assets of $490,000 during the year. Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover.
Transcribed Image Text:The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $1,008,000 $50.40 Variable expenses 604,800 30.24 Contribution margin 403,200 20.16 Fixed expenses 321,200 16.06 Net operating income 82,000 4.10 Income taxes @ 40 % 32,800 1.64 $2.46 Net operating income $49,200 The company had average operating assets of $490,000 during the year. Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover.
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