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Keith, the intern, was given some information from his supervisor. The supervisor wants him to figure out how well her department is doing. Keith suggests
Keith, the intern, was given some information from his supervisor. The supervisor wants him to figure out how well her department is doing. Keith suggests using Return On Investment as a gauge. The figures include: Sales of $250 000, Net Operating Income of $30 000, Average Operating Assets of $200 000, and the company's required return is 12%.
What is Keith's Department's Return on Investments?
a) 12% b) 60% c) 1.5% d) 15%
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