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

Divisional:	X			Y			Z
Sales	$	1,318,000		$	947,000		$	5,411,000
Operating Income		193,000			109,500			334,700
Investment in assets		476,700			435,500			4,500,200

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

Multiple Choice

• 7.4%.

• 11.6%.

• 25.1%.

• 31.3%.

• 40.5%.