Question
Selected financial data for the Photocopies Division of Elizabeth's Business Machines is shown in the accompanying table. Sales $6,800,000 Operating income $2,040,000 Total assets $2,720,000
Selected financial data for the Photocopies Division of Elizabeth's Business Machines is shown in the accompanying table.
| Sales | $6,800,000 |
|---|---|
| Operating income | $2,040,000 |
| Total assets | $2,720,000 |
| Current liabilities | $350,000 |
| Required rate of return | 13% |
| Weighted average cost of capital | 8% |
What is the Photocopier Division's return on investment? Round to two decimal places.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds
10th Edition
126410068X, 9781264100682
