Multiple Choice
Please calculate the profit contribution as a percentage of sales to be used in the ROAM calculation, if sales = $20,000,000; accounts receivable = $8,000,000; and profit contribution = $5,000,000:
A) 20 percent.
B) 40 percent.
C) 50 percent.
D) 5 percent.
E) 25 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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