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Bling Jewelry reported the following results for its Engagement Ring Division: Sales Operating income Total assets Current liabilities $1,500,000 $500,000 $1,000,000 $700,000 Bling's target rate

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Bling Jewelry reported the following results for its Engagement Ring Division: Sales Operating income Total assets Current liabilities $1,500,000 $500,000 $1,000,000 $700,000 Bling's target rate of return is 7% and the weighted average cost of capital is 12%. What is the Engagement Ring Division's Return on Investment (ROI)? A. 19.00% B. 2.00% OC. 0.71% OD. 50.00%

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