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Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,350,000; sales of $7,025,000; cost of
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,350,000; sales of $7,025,000; cost of goods sold of $3,775,000; and operating expenses of $1,367,000. Compute the division's return on investment:
Multiple Choice
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26.80%.
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19.5%
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29.7%.
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22.8%.
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27.1%.
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