Question
Cabal Products is a division of a major corporation. Last year the division had total sales of $23,170,000, net operating income of $1,668,240, and average
Cabal Products is a division of a major corporation. Last year the division had total sales of $23,170,000, net operating income of $1,668,240, and average operating assets of $5,097,400. The company's minimum required rate of return is 19%. The division's return on investment (ROI) is closest to:
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Brinks Modern Internal Auditing A Common Body Of Knowledge
Authors: Robert R. Moeller
7th Edition
0470293039, 978-0470293034
