The income statement for the Commercial Construction Division of the Kenyon Company is as follows: Sales $272,000
Fantastic news! We've Found the answer you've been seeking!
Question:
- The income statement for the Commercial Construction Division of the Kenyon Company is as follows:
- Sales $272,000
- Operating expenses 132,000
- Net operating income 140,000
- Interest expense 20,000
- Earnings before taxes 120,000
- Income tax expense (30%) 36,000
- Net income $84,000
- If this division’s invested capital is $500,000, how much is its return on investment?
Related Book For
Posted Date: