Question
The Electronics Division of Jacob Company reports the following results for the current year: Revenues $ 481,000 Operating expenses $ 432,000 Operating income $ 49,000
The Electronics Division of Jacob Company reports the following results for the current year:
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| Revenues | $ | 481,000 |
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| Operating expenses | $ | 432,000 |
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| Operating income | $ | 49,000 |
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| Operating assets | $ | 590,000 |
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Jacob Company has set a target return on investment (ROI) of 10% for the Electronics Division. The Electronic Division's return on investment is:
Answers:
11.34%
8.31%
19.10%
10.00%
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Financial And Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337119202, 978-1337119207
