Carter Company Reported the Following Financial Numbers for One of Its

question 80

Multiple Choice

Carter Company reported the following financial numbers for one of its divisions for the year;average total assets of $4,100,000;sales of $4,525,000;cost of goods sold of $2,550,000;and operating expenses of $1,372,000.Compute the division's return on investment:

• A)30.3%.
• B)23.6%.
• C)13.3%.
• D)10.4%.
• E)14.7%.

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