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The Electronics Division of Anton Company reports the following results for the current year: Revenues $ 800,000 Operating expenses $ 720,000 Operating income $ 144,000
The Electronics Division of Anton Company reports the following results for the current year:
Revenues | $ | 800,000 | |
Operating expenses | $ | 720,000 | |
Operating income | $ | 144,000 | |
Operating assets | $ | 1,200,000 | |
Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division. | |||
The Electronic Division's turnover (asset utilization) is: |
0.18. | ||
0.1125. | ||
0.667. | ||
0.12. |
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