Which one of the given is actual roi for the, Ask an Expert

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Q1) Safety Seats Co. recorded operating data for its shoe division for the year. Company's desired ROI is 5%.

Sales	$500,000
Variable costs	400,000
Contribution margin	100,000
Total direct fixed costs	60,000
Average total operating assets	200,000

Which one of the given is actual ROI for the year?

a) 3%

b) 8%

c) 20%

d) 30%

e) 50%

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M916749

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