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Selected Data from Chering Division's Accounting Records Revealed the Following

question 84

Multiple Choice

Selected data from Chering Division's accounting records revealed the following:
 Sales $825,000 Average investment $440,000 Net operating income $66,000 Minimum rate of return (divisional cost of capital)  14%\begin{array}{lcc}\text { Sales } & \$ 825,000 \\\text { Average investment } & \$ 440,000 \\\text { Net operating income } & \$ 66,000 \\\text { Minimum rate of return (divisional cost of capital) } & 14 \%\end{array}
Chering Division's return on investment (ROI) is:


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