Managerial Accounting
Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
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BR Company has a contribution margin of 20%. Sales are $622,000, net operating income is $124,400, and average operating assets are $141,000. What is the company's return on investment (ROI)?

 

Multiple Choice
  •  
    4.4%
  •  
    20.0%
  •  
    88.2%
  •  
    0.2%
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