Question
K Division has reported a profit of 57,000 on sales of 287,000. Its net assets amounted to 389,000 and its cost of capital is 14%.
K Division has reported a profit of 57,000 on sales of 287,000. Its net assets amounted to 389,000 and its cost of capital is 14%. The division's target ROI is 20%.
K division's return on investment (ROI) is:
Select one:
A.
14.00%
B.
14.65%
C.
20.00%
D.
19.86%
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
