Question
The Electronics Division of Anton Company reports the following results for the current year: Revenues $ 472,000 Operating expenses $ 424,000 Operating income $ 48,000
The Electronics Division of Anton Company reports the following results for the current year:
| Revenues | $ | 472,000 | |
| Operating expenses | $ | 424,000 | |
| Operating income | $ | 48,000 | |
| Operating assets | $ | 580,000 | |
Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division. The Electronic Division's return on investment is:Multiple Choice
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11.00%.
-
11.32%.
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10.17%.
-
8.28%.
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Financial Accounting Study Guide
Authors: Jerry J. Weygandt ,Donald E. Kieso ,Paul D. Kimmel
4th Edition
0471205117, 978-0471205111
