Anguiano Inc The Company's Average Operating Assets Were $5,000,000

question 49

Multiple Choice

Anguiano Inc. reported the following results from last year's operations: $\begin{array}{lr}\text { Sales } & \$ 10,500,000 \\\text { Variable expenses } & 8,210,000 \\\text { Contribution margin } & 2,290,000 \\\text { Fixed expenses } & 1,555,000 \\\text { Net operating income } & \$ \quad 735,000 \\\end{array}$ The company's average operating assets were $5,000,000.
Last year's return on investment (ROI) was closest to:

• A) 7.0%
• B) 14.7%
• C) 45.8%
• D) 47.6%

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Definitions:

Normally Distributed

Describes a distribution that follows a normal curve or bell curve, where most observations cluster around the central peak and the probabilities for values further away from the mean taper off equally in both directions.

Sampling Distribution

The distribution pattern of probabilities for a specified statistic obtained from a random sample.

Normally Distributed

A data distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Sampling Distribution

A probability distribution of a statistic obtained through a large number of samples drawn from a specific population.