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Scribe Company, a manufacturer of writing instruments, provides the following financial information: Operating income Net sales Total assets at Jan. 1 Pen Division Pencil
Scribe Company, a manufacturer of writing instruments, provides the following financial information: Operating income Net sales Total assets at Jan. 1 Pen Division Pencil Division $90,000 $30,000 $500,000 $150,000 $560,000 $350,000 $610,000 $275,000 Total assets at Dec 31 Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.) OA. 15.38% OB. 10.91% OC. 9.60% OD. 8.57%
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