Question
ABC corporation's North Division generates operating income of $100,000 on $900,000 in sales. The company had $400,000 in assets at the beginning of the year
ABC corporation's North Division generates operating income of $100,000 on $900,000 in sales. The company had $400,000 in assets at the beginning of the year and $450,000 at the end of the year. What is the company's return on investment for the year?
A. 11.1%
B. 23.5%
C. 42.5%
D. 100%
The answer is NOT A.
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Management And Cost Accounting
Authors: Charles T. Horngren (Author), Alnoor Bhimani (Author), Srikant M. Datar (Author), George Foster
2nd Edition
0273651838, 978-0273651833
