ABC Corporation's North Division Generates Operating Income of $100,000 on $900,000

question 103

Multiple Choice

ABC Corporation's North Division generates operating income of $100,000 on $900,000 in sales.The company had $400,000 in assets at the beginning of the year and $450,000 at the end of the year.What is the company's return on investment for the year?

• A) 11.1%
• B) 23.5%
• C) 42.5%
• D) 100%

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