Beak Industries Is a Division of a Major Corporation

question 96

Multiple Choice

Beak Industries is a division of a major corporation. Last year the division had total sales of $10,600,000, net operating income of $1,070,600, and average operating assets of $4,000,000.
-The division's return on investment (ROI) is closest to:

• A) 26.8%
• B) 21.1%
• C) 2.7%
• D) 7.3%