Question
Ahartz Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales...................................... $7,820,000 Net operating income............ $445,740 Average operating
Ahartz Industries is a division of a major corporation. Data concerning the most recent year appears below:
|
| Sales...................................... | $7,820,000 |
|
| Net operating income............ | $445,740 |
|
| Average operating assets....... | $2,000,000 |
What is the division's return on investments?
| a. | 5.7% | |
| b. | 22.3% | |
| c. | Correct answer not listed | |
| d. | 25.6% | |
| e. | 31.3% |
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Auditing And Assurance Services
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
16th Global Edition
1292147989, 978-1292147987
