Scribe Company,a Manufacturer of Writing Instruments,provides the Following Financial Information

question 215

Multiple Choice

Scribe Company,a manufacturer of writing instruments,provides the following financial information: $$\begin{array} { | l | r | r | } \hline & \text { Pen Division } & \text { Pencil Division } \\\hline \text { Operating income } & \$ 100,000 & \$ 40,000 \\\hline \text { Net sales } & \$ 500,000 & \$ 175,000 \\\hline \text { Total assets at Jan. 1 } & \$ 580,000 & \$ 255,000 \\\hline \text { Total assets at Dec .31 } & \$ 700,000 & \$ 275,000 \\\hline\end{array}$$ Calculate the return on investment for the Pencil Division.(Round your answer to two decimal places.)

• A) 15.63%
• B) 15.09%
• C) 15.69%
• D) 14.55%

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Definitions:

Fritsch And Hitzig

Researchers known for their pioneering work in neurophysiology, particularly in discovering the motor cortex's role in controlling voluntary movements.

Discover

To find, see, or become aware of something for the first time or after searching.

Cerebral Cortex

The cerebral cortex is the outer layer of neural tissue of the cerebrum of the brain, playing a key role in memory, attention, perception, awareness, thought, language, and consciousness.

Corpus Callosum

A wide strip of nerve tissue connecting the brain's two halves, enabling them to communicate with each other.