Question
The Electronics Division of Apex Company reports the following results for 2014: Revenues $580,000 Operating expenses $520,000 Operating income $ 60,000 Operating assets $700,000 Apex
The Electronics Division of Apex Company reports the following results for 2014: Revenues $580,000 Operating expenses $520,000 Operating income $ 60,000 Operating assets $700,000 Apex Company has set a target return on investment (ROI) of 12% for the Electronics Division. The Electronic Division's return on investment is:
answer choices:
11.54%.
8.57%.
12.00%.
10.34%.
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Advanced Financial Accounting
Authors: Clarence Byrd, Ida Chen
4th Edition
013089611X, 978-0130896117
