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Glven the following data: Average operating assets Total liabilities Sales Contribution margin $688,000 $103,200 $344,000 $196,080 $ 61,92 Net operating income 06 19 Return on investment (RO is: Multiple Choice 90% 570% 28 s%
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Answer #1

Answer:

Return on Investment (ROI) = Net Operating Income / Average Operating Assets * 100
Return on Investment (ROI) = 61,920 / 688,000 * 100
Return on Investment (ROI) = 9.0%

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