Cabell Products is a division of a major corporation. Last year the division had total sales of $10,400,000, net operat income of $540,800, and average operating assets of $2,392,000. The company's minimum required rate of return 16%. The division's return on investment (ROI) is closest to: Multiple Choice 32.5% 22.6% 5.2% 23.0%
Cabell Products is a division of a major corporation. Last year the division had total sales of $10,400,000, net operat income of $540,800, and average operating assets of $2,392,000. The company's minimum required rate of return 16%. The division's return on investment (ROI) is closest to: Multiple Choice 32.5% 22.6% 5.2% 23.0%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Cabell Products is a division of a major corporation. Last year the division had total sales of $10,400,000, net operating
income of $540,800, and average operating assets of $2,392,000. The company's minimum required rate of return is
16%.
The division's return on investment (ROI) is closest to:
Multiple Choice
32,5%
22.6%
5.2%
23.0%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa69ddc5d-2945-4166-9f50-c32f5f433997%2F1136e6bb-3adc-46be-aea9-82883da64f5a%2Ftbrze1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cabell Products is a division of a major corporation. Last year the division had total sales of $10,400,000, net operating
income of $540,800, and average operating assets of $2,392,000. The company's minimum required rate of return is
16%.
The division's return on investment (ROI) is closest to:
Multiple Choice
32,5%
22.6%
5.2%
23.0%
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