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24- Scribe Company, a manufacturer of writing instruments, provides the following financial information: Operating income Net sales Total assets at Jan. 1 Total assets at

24-

Scribe Company, a manufacturer of writing instruments, provides the following financial information: Operating income Net sales Total assets at Jan. 1 Total assets at Dec.31 Pen Division $90,000 $500,000 $600,000 $600,000 Pencil Division $50,000 $200,000 $255,000 $235,000 Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.) A. 21.28% B. 15.00% C. 20.41% D. 19.61%

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