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Multiclass, Inc., provided the following information for two of its divisions for last year: Snack Foods Division include: Sales - $30,000,000; Operating income $1,800,000; Operating
Multiclass, Inc., provided the following information for two of its divisions for last year: Snack Foods Division include: Sales - $30,000,000; Operating income $1,800,000; Operating assets, January 1 - $9,600,000 and Operating assets, December 31 - $10,400,000. Appliance Division include: Sales - $117,000,000; Operating income - $3,510,000; Operating assets, January 1 - $17,500,000 and Operating assets, December 31 - $21,500,000. Calculate the Return on investment (ROI) for Snack Foods Division.
a.6%
b.18%
c.10%
d.3%
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