Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses
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Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of $30,000, and invested assets of $600,000. What is the rate of return on investment for Division A?
A. 20% C. 33%
B. 25% D. 40%
AppendixLO1
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Related Book For
Financial Accounting
ISBN: 9780324188035
9th Edition
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
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