The Following Is Divisional Information for Randolph Enterprises The Target Rate of Return Is 12% for the East

question 182

Essay

The following is divisional information for Randolph Enterprises:
$$\begin{array} { | l | r | r | } \hline & \text { East Division } & \text { West Division } \\\hline \text { Operating income } & \$ 250,000 & \$ 200,000 \\\hline \text { Net sales } & 2,225,000 & 1,575,000 \\\hline \text { Total assets at Jan. 1 } & 1,500,000 & 840,000 \\\hline \text { Total assets at Dec .31 } & 1,200,000 & 1,000,000 \\\hline\end{array}$$ The target rate of return is 12% for the East Division and is 10% for the West Division.
Compute the return on investment for each division.(Round to one decimal place.)

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Definitions:

Intelligence Quotient (IQ)

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