Ranier Company has a contribution rargin of 8% Sales are $517,000, net operating income is $41,360, and average operating assets are $136,000

Accounting Nov 30, 2020

Ranier Company has a contribution rargin 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)? (Rounded) 8.0% 30.4% 0.3% 3.8%

Expert Solution

30.4%

Explanation:

ROI = Net operating Income / Average operating assets

= $41,360 / $1,36,000

= 0.304 (or) 30.4%

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