Question
Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,570,000 Net operating income $860,930 Average operating
| Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: |
| Sales | $17,570,000 |
| Net operating income | $860,930 |
| Average operating assets | $4,950,000 |
| The division's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.) |
4.90%
17.39%
13.54%
1.90%
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The Auditor An Instructional Novella
Authors: James K. Loebbecke
1st Edition
0130799769, 978-0130799760
