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The following information pertains to Quest Co.'s Gold Division for the year just ended: Sales $311,000 Variable costs 250,000 Traceable fixed costs 50,000 Average assets
The following information pertains to Quest Co.'s Gold Division for the year just ended:
Sales
$311,000
Variable costs
250,000
Traceable fixed costs
50,000
Average assets
40,000
Required rate of return
10%
Quest's return on investment is
A.
10.0%
B.
13.3%
C.
27.5%
D.
30.0%
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