Given the following data: Average operating assets Total liabilities $720,000 $ 51,840 $432,000 $250,560 $108,000 Sales Contribution margin Net operating income Return on investment (ROI) is: Multiple Choice 25.0% 15.0% 58.0% 34.8%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.3.1MBA
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10q-2
Given the following data:
Average operating assets
Total liabilities
$720,000
$ 51,840
Sales
$432,000
Contribution margin
$250,560
$108,000
Net operating income
Return on investment (ROI) is:
Multiple Choice
25.0%
15.0%
58.0%
34.8%
Transcribed Image Text:Given the following data: Average operating assets Total liabilities $720,000 $ 51,840 Sales $432,000 Contribution margin $250,560 $108,000 Net operating income Return on investment (ROI) is: Multiple Choice 25.0% 15.0% 58.0% 34.8%
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