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.