Cabal Products Is a Division of a Major Corporation

question 106

Multiple Choice

Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. The division's return on investment (ROI) is closest to:

• A)4.1%
• B)14.6%
• C)36.6%
• D)0.9%

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Definitions:

Preamble

An introductory statement in a document that explains the document's purpose and underlying philosophy.

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American Anti-Slavery Society

Founded in 1833, the organization that sought an immediate end to slavery and the establishment of equality for black Americans. It split in 1840 after disputes about the role of women within the organization and other issues.

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