The contribution format income statement for Huerra Company for last year is given below: Total...
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The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales Variable expenses Contribution margin Fixed expenses Net operating income Income taxes @ 40% Net income $998,000 598,800 399,200 317.200 82,000 32,800 $49,200 $ 49.90 29.94 19.96 15.86 4.10 1.64 $ 2.46 The company had average operating assets of $497,000 during the year Required 1. Compute the company's return on investment (ROI) for the period using the ROl formula stated in terms of margin and turnover. (Round your intermediate calculations and final answer to 2 decimal places.) Margin Turnover ROI
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