Retail Sales and Wholesale Sales are the only divisions of Terra Company. The following information was gathered for the two divisions for the current year:

	Retail Division				Wholesale Division
Operating income	$	6,800,000			$	3,300,000
Operating assets	$	36,800,000			$	16,800,000

The company has $1,800,000 in operating assets that are not assigned to either of the divisions and $280,000 in corporate expenses that are not reflected in the information above. Based on this information, what is the ROI for the company as a whole?

Multiple Choice

• 17.73%

• 38.12%

• 18.84%

• The answer cannot be determined using the information provided.