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BR Company has a contribution margin of 8%. Sales are $517,000, net operating income is...

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Accounting

BR Company has a contribution margin of 8%. Sales are $517,000, net operating income is $41,360, and average operating assets are $136,000. What is the company's return on investment (ROI)?

Multiple Choice

  • 30.4%

  • 0.3%

  • 3.8%

  • 8.0%

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