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marin [14]
3 years ago
8

Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom

e of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%. The division's return on investment (ROI) is closest to:
a. 135.5%
b. 6.1%
c. 32.1%
d. 2.4%
Business
1 answer:
aalyn [17]3 years ago
3 0

Answer:

ROI = Net operating income        x 100

         Average operating assets

ROI = $1,924,320   x 100

         $6,000,000

ROI = 32.1%

The correct answer is C

Explanation:

ROI is the ratio of net operating income to average operating assets multiplied by 100.

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3 0
3 years ago
Universal Containers requires that the organization-wide default for opportunities be set to public read/write. However, sales u
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7 0
3 years ago
At December 31, 2021 and 2020, P Co. had 58,000 shares of common stock and 5,800 shares of 5%, $100 par value cumulative preferr
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Answer:

$10.19 per share

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6 0
3 years ago
Pick the correct statement related to net working capital from below. Multiple Choice Net working capital can be ignored in proj
zvonat [6]

Answer:

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4 0
2 years ago
Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 8 percent sales tax on all sale
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Given :

Apr-02  :

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Apr-03 :

Sales returns and allowances  = 250

Apr-04:

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Apr-06:

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8 0
3 years ago
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