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Huntswell Corporation is evaluating its Agricultural Products Division. Data for the year just finished is as follows: Agriculture Division Sales revenue $140,000 Operating income $16,500
Huntswell Corporation is evaluating its Agricultural Products Division. Data for the year just finished is as follows:
| Agriculture Division |
Sales revenue | $140,000 |
Operating income | $16,500 |
Average assets | $300,000 |
Target rate of return | 4.0% |
For the Agricultural Division, how much was the ROI?
Group of answer choices
2.5%
4.0%
5.5%
7.0%
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