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Cabell 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

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Cabell 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 (ROl) is closest to: Multiple Choice 6.5% 22.0% 29.5% The division's return on investment (ROl) is closest to: Multiple Choice 6.5% 22.0% 29.5% 40.6%

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