Question
A division in XYZ Co. had the following financial data for 2019: sales $500,000, average operating assets $200,000, margin (or profit margin) 4%, minimum required
A division in XYZ Co. had the following financial data for 2019: sales $500,000, average operating assets $200,000, margin (or profit margin) 4%, minimum required rate of return 8%. What was the return on investment for the division?
| A. | 16%. | |
| B. | 12%. | |
| C. | 20%. | |
| D. | 10%. |
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Auditing That Matters Case Studies Discussion Guide
Authors: Norman Marks
1st Edition
B089J5JCL2, 979-8650410546
