Question
Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,810,000 Net operating income $783,640 Average operating
Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below:
| Sales | $17,810,000 |
| Net operating income | $783,640 |
| Average operating assets | $4,640,000 |
| The division's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.) |
4.40%
16.89%
13.04%
1.40%
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ISE Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Philip Olds
9th Edition
1260565483, 9781260565485
