Consider the following data for three divisions of a company, X, Y, and Z:

Divisional:	X			Y			Z
Sales	$	1,375,000		$	915,000		$	4,547,000
Operating Income		151,200			94,300			275,600
Investment in assets		375,100			382,200			3,073,300

The return on investment (ROI) for Division X is:

Multiple Choice

• 9.0%.

• 10.3%.

• 24.7%.

• 30.7%.

• 40.3%.