Cabell Products is a division of a major corporation. Last year the division had total sales of
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Question:
Cabell Products is a division of a major corporation. Last year the division had total sales of $23,870,000, net operating income of $1,479,940, and average operating assets of $5,012,700. The company's minimum required rate of return is 15%.
The division's return on investment (ROI) is closest to:
a. 6.2%
b. 29.5%
c. 41.3%
d. 21.0%
Related Book For
Statistics Data Analysis and Decision Modeling
ISBN: 978-0132744287
5th edition
Authors: James R. Evans
Posted Date: