Question
Cabal Products is a division of a major corporation. Last year the division had total sales of $12,880,000, net operating income of $837,200, and average
Cabal Products is a division of a major corporation. Last year the division had total sales of $12,880,000, net operating income of $837,200, and average operating assets of $2,833,600. The company's minimum required rate of return is 16%. The division's return on investment (ROI) is closest to:
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College Accounting Chapters 1-9
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305666186, 9781305666184
