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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

  • 26.80%.

  • 19.5%

  • 29.7%.

  • 22.8%.

  • 27.1%.

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