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Sullivan Company has three divisions, Larry, Moe, and Curly. The company has a hurdle rate of 6.51 percent. Selected operating data of the three divisions

Sullivan Company has three divisions, Larry, Moe, and Curly. The company has a hurdle rate of 6.51 percent. Selected operating data of the three divisions follow:

Larry Moe Curly
Sales $ 327,000 $ 227,000 $ 300,000
Cost of goods sold 208,000 115,000 194,000
Miscellaneous operating expenses 42,000 30,000 33,000
Allocated corporate expenses 22,000 12,000 19,000
Average invested assets 1,300,000 930,000 1,125,000

Compute the return on investment for each division. (Round your answers to 2 decimal places. Omit the "%" sign in your response.)

Curly

Return on investment

%

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