Holo Company Reported the Following Financial Numbers for One of Its

question 157

Multiple Choice

Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Compute the division's return on investment:

• A) 17.3%.
• B) 14.7%.
• C) 21.3%.
• D) 18.6%.
• E) 10.4%.

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Definitions:

Pacifier

A device given to infants to suck on for comfort, which can help soothe them.

Rickets

A bone disorder caused by vitamin D, calcium, or phosphate deficiency, leading to softening and weakening of the bones in children.

Vitamin D

A fat-soluble vitamin that helps the body absorb calcium and phosphorus; important for bone health.

Calcium

A mineral essential for various bodily functions, including bone formation, blood clotting, and muscle contraction.