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AleksAgata [21]
3 years ago
5

Assume the Residential Division of KappyKappy Faucets had the following results last year:

Business
1 answer:
Alex_Xolod [135]3 years ago
6 0

Answer:

12%

Explanation:

Calculation for the division's return on investment

Using this formula

Return On Investment = Operating income /Average total assets

Let plug in the formula

Return on investment= $636,000/$5,300,000

Return on investment= 0.12*100

Return on investment=12%

Therefore the division's return on investment will be $12%

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