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The company had average operating assets of 500000 during

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The contribution format income statement for Westex, Inc. for its most recent period is given below: Total Unit

  • Sales $1,000,000 $50.00
  • Variable Exp. 600,000 30.00
  • Contribution Margin 400,000 20.00
  • Fixed Exp. 320,000 16.00
  • Net operating income 80,000 4.00
  • Income tax (40%) 32,000 1.60
  • Net income $48,000 $2.40

The company had average operating assets of $500,000 during the period.Compute the company's return on investment using the ROI formula using the ROI forumua state in terms of margins and turnover.

Reference no: EM13608654

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