Exhibit 11-4
the Following Information Is for Two Divisions at Wiley

question 10

Multiple Choice

Exhibit 11-4
The following information is for two divisions at Wiley Company.
$\begin{array}{lcc}&\text { Couch Division }&\text { Chair Division }\\\hline\text { Sales } & ? & \$ 6,000,000 \\\text { Operating income } & ? & \$ 560,000 \\\text { Operating profit margin } & 11.0 \% & ? \\\text { Average operating assets } & \$ 1,250,000 & \$ 4,000,000 \\\text { Asset turnover } & 2.0 & ? \\\text { ROI } & ? & ?\end{array}$
-Refer to Exhibit 11-4.What is the ROI for the Chair Division (rounded to the nearest tenth of a percent) ?

• A)66.7%
• B)14.0%
• C)33.3%
• D)9.3%
• E)None of the answer choices is correct.

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Definitions:

Restated

Refers to financial statements that have been revised from their original figures to correct errors or account for retrospective changes in accounting policy.

U.S. Dollars

The currency of the United States, used as the standard unit of money for transactions within the country and internationally.

Translation Adjustment

An adjustment made in the process of converting the financial statements of a company into the currency of another country, reflecting changes in exchange rates.

Parent Company

A company that holds a controlling interest in another company, making the latter its subsidiary.