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Cabal Products is a division of a major corporation. Last year the division had total sales of $18,096,000, net operating income of $825,760, and average
Cabal Products is a division of a major corporation. Last year the division had total sales of $18,096,000, net operating income of $825,760, and average operating assets of $5,200,000. The company's minimum required rate of return is 15%. The division's return on investment (ROI) is closest to: (Do not round intermediate calculations.) 0 37.9% 15.9% 5.4% 0 2.2%
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