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Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,240,000; sales of $4,665,000; cost of
Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,240,000; sales of $4,665,000; cost of goods sold of $2,690,000; and operating expenses of $1,512,000. Compute the division's return on assets:
A.6.62%.
B. 9.92%.
C. 17.21%.
D. 10.92%.
E. 23.44%.
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