Given the following data: Average operating assets $ 1,116,000 Total liabilities $ 167,400 Sales $ 837,000 Contribution margin $ 502,200 Net operating income $ 167,400 Return on investment (ROI) is: Multiple Choice 20.0% 15.0% 60.0% 45.0%

Given the following data: Average operating assets $ 1,116,000 Total liabilities $ 167,400 Sales $ 837,000 Contribution margin $ 502,200 Net operating income $ 167,400 Return on investment (ROI) is: Multiple Choice 20.0% 15.0% 60.0% 45.0%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Given the following data:


Average operating assets	$	1,116,000
Total liabilities	$	167,400
Sales	$	837,000
Contribution margin	$	502,200
Net operating income	$	167,400

Return on investment (ROI) is:

Multiple Choice

20.0%
15.0%
60.0%
45.0%

Formula Formula ROI (%) = Net Income Principal Amount × 100

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