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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000, sales of $4,525,000; cost of
Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000, sales of $4,525,000; cost of goods sold of $2,550,000 and operating expenses of $1,372,000. Compute the division's return on investment: 30.3 % 23.6 % 13.3 % 10.4 % 14.7 % .
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