A company’s division has sales of $6,000,000, income of $240,000, and average assets of $4,800,000. The division’s return on investment is:
Multiple Choice
80%.
20%.
10%.
5%. Correct
4%.
Explanation
Return on investment = $240,000/$4,800,000 = 0.05 or 5%
Sunday, 6 November 2022
A company’s division has sales of $6,000,000, income of $240,000, and average assets of $4,800,000. The division’s return on investment is
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