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The Electronics Division of Anton Company Reports the Following Results

question 113

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The Electronics Division of Anton Company reports the following results for the current year:  Reveruses $800,000 Operating expenses $656,000 Operating income $144,000 Operating assets $1,200,000\begin{array} { l c c } \text { Reveruses } & \$ & 800,000 \\\text { Operating expenses } & \$ & 656,000 \\\text { Operating income } & \$ & 144,000 \\\text { Operating assets } & \$ & 1,200,000\end{array} Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division.
The Electronic Division's return on investment is:


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