Assume the Residential Division of Kitridge Faucets had the following results last year: Net sales revenue $ 17,340,000 Operating income 2,601,000 Average total assets 5,100,000
Assume the Residential Division of Kitridge Faucets had the following results last year: Net sales revenue $ 17,340,000 Operating income 2,601,000 Average total assets 5,100,000 Management's target rate of return 15% What is the division's ROI? 0 A. 340% O B. 15% O C. 51% O D. 196%
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