The Following Is Divisional Information for Randolph Enterprises The Target Rate of Return Is 12% for the East

question 118

Essay

The following is divisional information for Randolph Enterprises:
$$\begin{array} { | l | r | r | } \hline & \text { East Division } & \text { West Division } \\\hline \text { Operating income } & \$ 250,000 & \$ 200,000 \\\hline \text { Net sales } & 2,225,000 & 1,575,000 \\\hline \text { Total assets at Jan. 1 } & 1,500,000 & 840,000 \\\hline \text { Total assets at Dec .31 } & 1,200,000 & 1,000,000 \\\hline\end{array}$$ The target rate of return is 12% for the East Division and is 10% for the West Division.
Compute the return on investment for each division. (Round to one decimal place.)

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Definitions:

Mitosis

A form of cell division in which two new daughter cells are produced, each carrying an identical number and type of chromosomes as found in the original parent nucleus, commonly seen in normal tissue expansion.

Cell-Cycle Checkpoints

See cell-cycle control system.

Fertilization

The process of combining male and female gametes to form a zygote, initiating the development of a new individual.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores in sexually reproducing organisms.