Marigold Corp. recorded operating data for its shoe division for the year as follows: Sales...

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Accounting

Marigold Corp. recorded operating data for its shoe division for the year as follows:
Sales
$810000
Contribution margin
123000
Total fixed costs
53000
Average total operating assets
500000
What is the ROI for the year if management is able to identify a way to improve the contribution margin by $40000, assuming fixed costs are held constant?
21%
14%
22%
19%
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