Safety seats co recorded operating data for its shoe

Safety seats co recorded operating data for its shoe

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Reference no: EM13355560

Safety Seats Co. recorded operating data for its shoe division for the year. The 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 following is the actual ROI for the year?

a) 3%

b) 8%

c) 20%

d) 30%

e) 50%

Reference no: EM13355560

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