Figure 4 The Following Results for the Year Pertain to the Northern

question 52

Multiple Choice

Figure 4
The following results for the year pertain to the Northern Division of Garvey Ltd.:
-Refer to Figure 4 above. If Northern's average operating assets are £1,200,000 and their minimum required rate of return is 12 percent, what is the Northern Division's return on investment?

• A) 33.3%
• B) 18.3%
• C) 13.3%
• D) 12.0%