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Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,270,000; sales of $4,695,000; cost of
Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,270,000; sales of $4,695,000; cost of goods sold of $2,720,000; and operating expenses of $1,542,000. Compute the division's return on assets: |
15.92%.
5.84%.
10.14%.
21.92%.
9.22%.
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