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  1. business
  2. accounting
  3. 2. the following data has been provided for a co

2. The following data has been provided for a company's most recent year...

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Accounting

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The following data has been provided for a company's most recent year of operations: Return on investment Average operating assets Minimum required rate of return 32% $40,000 20% The residual income for the year was closest to: Given the following data: Average operating assets Total liabilities Sales Contribution margin Net operating income $688,000 $ 103, 200 $344,000 $196,080 $ 61,920 Return on investment (ROI) is: BR Company has a contribution margin of 8%. Sales are $497,000, net operating income is $39,760, and average operating assets are $135,000. What is the company's return on investment (ROI)

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