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%

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 22MC: If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month,...
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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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