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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 17,450,000 Net operating income $ 715,450
Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:
Sales | $ | 17,450,000 | |
Net operating income | $ | 715,450 | |
Average operating assets | $ | 5,020,000 | |
The division's return on investment (ROI) is closest to:
Multiple Choice
4.10%
14.25%
10.40%
1.10%
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