Nasser Inc Last Year's Return on Investment (ROI) Was Closest To:
A)

Multiple Choice

Nasser Inc. reported the following results from last year's operations: $\begin{array}{lr}\text { Sales } & \$ 1,600,000 \\\text { Variable expenses } & 7,760,000 \\\text { Contribution margin } & 4,840,000 \\\text { Fixed expenses } & 3,706,000 \\\text { Net operating income } & \$ 1,134,000 \\\text { Average operating assets } & \$ 16,000,000\end{array}$ Last year's return on investment (ROI) was closest to:

A) 9.0%
B) 47.6%
C) 18.9%
D) 80.7%