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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%

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916749

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