Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,180,000; sales of $4,605,000; cost of goods sold of $2,630,000; and operating expenses of $1,452,000. Compute the division's return on investment: Multiple Choice 26.48%. 11.36%. 19.89%. 12.51%. 8.21%.
Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,180,000; sales of $4,605,000; cost of goods sold of $2,630,000; and operating expenses of $1,452,000. Compute the division's return on investment: Multiple Choice 26.48%. 11.36%. 19.89%. 12.51%. 8.21%.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...
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![Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,180,000; sales of $4,605,000;
cost of goods sold of $2,630,000; and operating expenses of $1,452,000. Compute the division's return on investment:
Multiple Choice
26.48%.
11.36%.
19.89%.
12.51%.
8.21%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F17e8d1d7-0817-4afa-b1d8-2cbedcad66ee%2F6a1f5d1a-220f-4c10-add9-a84eac007957%2Ft0amwvj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,180,000; sales of $4,605,000;
cost of goods sold of $2,630,000; and operating expenses of $1,452,000. Compute the division's return on investment:
Multiple Choice
26.48%.
11.36%.
19.89%.
12.51%.
8.21%.
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