Waterway Industries recorded operating data for its auto accessories division for the year. ...
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Accounting
Waterway Industries recorded operating data for its auto accessories division for the year.
Sales
$870000
Contribution margin
320000
Total direct fixed costs
90000
Average total operating assets
500000
How much is 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?
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