Heavey Fabrication Is a Division of a Major Corporation

question 82

Essay

Heavey Fabrication is a division of a major corporation.Last year the division had total sales of $21,120,000,net operating income of $2,006,400,and average operating assets of $6,000,000.The company's minimum required rate of return is 12%.
Required:
What is the division's return on investment (ROI)?

---

Definitions:

Science

Science is the systematic study of the structure and behavior of the physical and natural world through observation and experiment.

Modern Psychologists

Psychologists who practice and contribute to the field of psychology using contemporary theories, methods, and research findings.

Empirical Evidence

Information acquired by observation or experimentation that is used to validate theories or hypotheses.

Anecdotes

Short, amusing or interesting stories about a real incident or person.