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Scribe Company,a Manufacturer of Writing Instruments,provides the Following Financial Information

question 10

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Scribe Company,a manufacturer of writing instruments,provides the following financial information:  Pen Division  Pencil Division  Operating income $100,000$40,000 Net sales $500,000$175,000 Total assets at Jan. 1 $580,000$255,000 Total assets at Dec .31 $700,000$275,000\begin{array} { | l | r | r | } \hline & \text { Pen Division } & \text { Pencil Division } \\\hline \text { Operating income } & \$ 100,000 & \$ 40,000 \\\hline \text { Net sales } & \$ 500,000 & \$ 175,000 \\\hline \text { Total assets at Jan. 1 } & \$ 580,000 & \$ 255,000 \\\hline \text { Total assets at Dec .31 } & \$ 700,000 & \$ 275,000 \\\hline\end{array} Calculate the return on investment for the Pencil Division.(Round your answer to two decimal places.)

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