Compute the Return on Assets Managed (ROAM) for each segment of the business using the following data:
Accounts receivable = $3,000,000
Inventory = $7,000,000
Contribution margin = $2,000,000
Sales = $5,000,000
A) 0.5
B) 0.4
C) 0.2
D) 0.3
Correct Answer:
Verified
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