The Electronics Division of Anton Company Reports the Following Results

question 28

Multiple Choice

The Electronics Division of Anton Company reports the following results for the current year: $\begin{array}{ll}\text { Revenues } & \$ 481,000 \\\text { Operating expenses } & \$ 432,000 \\\text { Operating income } & \$ 49,000 \\\text { Operating assets } & \$ 590,000\end{array}$ Anton Company has set a target return on investment (ROI) of 10% for the Electronics Division. The Electronic Division's return on investment is:

• A) 11.34%.
• B) 8.31%.
• C) 10.19%.
• D) 10.00%.

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Definitions:

Noncontractual Promise

An assurance or pledge not bound by a formal contract and generally not enforceable by law.

Material Misrepresentation

Providing false or misleading information of significant importance, intentionally or accidentally, which can impact contractual agreements or decisions.

Voidable

A legal term referring to a transaction or agreement that is valid until one of the parties involved decides to void it.

Implied in Fact Contract

A contract formed by the behavior and circumstances of the parties involved, even without explicit agreement.