Crystal Company,a Manufacturer of Office Supplies,provides the Following Financial Information

question 19

Multiple Choice

Crystal Company,a manufacturer of office supplies,provides the following financial information: $$\begin{array} { | l | r | r | } \hline & \text { Pen Division } & \text { Pencil Division } \\\hline \text { Operating income } & \$ 80,000 & \$ 30,000 \\\hline \text { Net sales } & \$ 450,000 & \$ 175,000 \\\hline \text { Total assets at Jan. 1 } & \$ 580,000 & \$ 350,000 \\\hline \text { Total assets at Dec .31 } & \$ 700,000 & \$ 275,000 \\\hline\end{array}$$ Calculate the return on investment for the Pencil Division.(Round your answer to two decimal places.)

• A) 12.50%
• B) 9.60%
• C) 8.57%
• D) 10.91%

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Definitions:

Classes

In the context of data, refers to categories or groupings into which data points are sorted; in education, refers to courses of instruction.

Pearson Correlation Coefficient

A measure of the linear correlation between two variables X and Y, ranging from -1 to 1.

Strength

In the context of data, it refers to the magnitude or intensity of a relationship between variables, often gauged through correlation coefficients.

Relationship Between Variables

Refers to how one variable may change in relation to alterations in another variable, often measured by statistical tools to understand correlations or dependencies.