Cabell Products Is a Division of a Major Corporation

question 52

Multiple Choice

Cabell Products is a division of a major corporation. Last year the division had total sales of $25,540,000, net operating income of $1,277,000, and average operating assets of $7,151,200. The company's minimum required rate of return is 16%.The division's return on investment (ROI) is closest to:

• A) 5.0%
• B) 17.9%
• C) 31.3%
• D) 28.0%

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Definitions:

Experience

Experience refers to the knowledge or skill acquired by observing, encountering, or undergoing events or situations.

Skills

The ability to do something well, usually gained through training or experience.

Person-Environment Transactions

The dynamic interactions between an individual and their environment, including how people shape, and are shaped by, their surroundings.