One segment of the Hishim Candy Company has provided you with some information about the segment$$s operation for the past fiscal year. The segment investment $($average assets$)$ was $$4,000,000.$ The sales were $$4,800,000.$ The income of the segment was $$540,000.$ The firm$$s cost of capital $($and minimum desired rate of return$)$ is $12\%.$ What is the return on investment for the segment for the period?

Answer rating: 100% (QA)

To calculate the return on investment ROI for the segment we can use the following formula ROI Seg... View the full answer