The last day of the financial year a division has net assets with a total carrying amount of E840,000. The return on investment (ROI) for the division is 12%. division manager is considering selling a non-current asset immediately prior to the year end. The non-current asset has a carrying amount of E34,000 and will sell for cash of g a profit of E16,000.

The would be the division's ROI immediately after the sale of the asset at the end of the year?

Answer rating: 100% (QA)

To calculate the divisions ROI immediately after the sale of the asset we nee... View the full answer