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The Following Data Are for the Akron Division of Consolidated

question 101

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The following data are for the Akron Division of Consolidated Rubber, Inc.:  Sales $750,000 Net operating income $45,000 Average operating assets $250,000 Stockholder’s’ equity $75,000 Residual income $15,000\begin{array}{lrr}\text { Sales } & \$ & 750,000 \\\text { Net operating income } & \$ & 45,000 \\\text { Average operating assets } & \$ & 250,000 \\\text { Stockholder's' equity } & \$ & 75,000 \\\text { Residual income } & \$ & 15,000\end{array} For the past year, the margin used in ROI calculations was:


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