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Oil Division
the Oil Division Is One of the Operating

question 14

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Oil Division
The Oil Division is one of the operating units of Automotive Solutions,Inc.The following operating data of the division is presented below:
 Sales $3,000,00 Profit margin 10% Target return 15% Residual income $60,000\begin{array}{ll}\text { Sales } & \$ 3,000,00 \\\text { Profit margin } & 10 \% \\\text { Target return } & 15 \% \\\text { Residual income } & \$ 60,000\end{array}

Refer to Oil Division.What was the return on investment for the Oil Division?


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