Provisions Company, a manufacturer of office supplies, provides the following financial information:

	Pen Division	Pencil Division
Operating income	$80,000	$30,000
Net sales	$450,000	$150,000
Total assets at Jan. 1	$600,000	$300,000
Total assets at Dec. 31	$610,000	$300,000

Calculate the return on investment for the Pen Division. (Round your answer to two decimal places.)

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Part 1

A.

13.33%

B.

13.11%

C.

13.22%

D.

10%