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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,180,000; sales of $4,605,000; cost of
Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,180,000; sales of $4,605,000; cost of goods sold of $2,630,000; and operating expenses of $1,452,000. Compute the division's return on investment:
a)19.89%.
B)8.21%.
C)12.51%.
D)26.48%.
E)11.36%.
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