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Daab Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $11,520,000 Net operating income
Daab Products is a division of a major corporation. The following data are for the most recent year of operations:
Sales | $11,520,000 |
Net operating income | $322,560 |
Average operating assets | $3,000,000 |
The company's minimum required rate of return | 10% |
The division's return on investment (ROI) is closest to:
10.8% | ||
41.5% | ||
0.3% | ||
2.2% |
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