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Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Industrial Division Division Net sales
Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Industrial Division Division Net sales $150,000 $1,750,000 Operating income $16.800 $230,000 Average assets $300,000 $5,620,000 Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.) OA. 13.14% OB. 5.60% O C. 4.09% OD. 11.20% Scribe company, a manufacturer of writing instruments, provides the following financial information: Pen Division Pencil Division Operating income $100,000 $40,000 Net sales $450,000 $200,000 Total assets at Jan. 1 $600,000 $350,000 Total assets at Dec.31 $610,000 $235,000 Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.) O A. 11.43% OB. 16.53% O C. 17.02% OD. 13.68%
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