Holo Company reported the following financial numbers for one of its divisions for the year

 Holo Company reported the following financial numbers for one of its divisions for the year; average assets of $6,650,000; sales of $7,925,000; cost of goods sold of $4,075,000; and operating expenses of $1,487,000. Compute the division's return on investment:

Multiple Choice

35.5%. Correct

39.5%.


32.9%.


28.6%.


18.8%.

Explanation
$7,925,000 − 4,075,000 − 1,487,000 = $2,363,000; $2,363,000/$6,650,000 = 35.5%