The following results for the year are for the Clark Division of First Enterprises: Sales $150,000 Variable costs 50,000 Contribution margin $ 100,000 Fixed expenses 40,000 Segment income $ 60,000 Clarks average operating assets are $300,000. Clarks minimum required rate of return is 15 percent. Figure 2

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16. Refer to Figure 2. Calculate Clark Division profit margin.

A. 26.7%

B. 33.3%

C. 40.0%

D. 60.0%

17. Refer to Figure 2. Calculate Clark Division asset turnover.

A. 66.7%

B. 50.0%

C. 40.0%

D. 20.0%

18. Refer to Figure 2. Calculate Clark Division return on investment.

A. 50.0%

B. 40.0%

C. 33.3%

D. 20.0%