Question: Question 4 :(5 marks) Use the following information to answer the question. The Furniture Division of Waverly Company reports the following results for 2020: Revenues

Question 4 :(5 marks) Use the following information to answer the

Question 4 :(5 marks) Use the following information to answer the question. The Furniture Division of Waverly Company reports the following results for 2020: Revenues Operating expenses Operating income Operating assets $400,000 $360,000 $40,000 $500,000 Waverly Company has set a target return on investment (ROI) of 12% for the Furniture Division. Based on the information provided for Furniture, calculate the return on investment for 2020. Did the division achieve its target ROI of 12%

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