Question: Elite Manufacturing Division operates as an investment center with control over its income and assets. For the current year: . Invested assets: $800,000 . Net income: $440,000 Calculate the division's return on assets (ROA). Choose from: a. 45.5% b. 55.0% c. 181.8% d. 71.4%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question:
Elite Manufacturing Division operates as an investment center with
control over its income and assets. For the current year:
. Invested assets: $800,000
. Net income: $440,000
Calculate the division's return on assets (ROA). Choose from:
a. 45.5%
b. 55.0%
c. 181.8%
d. 71.4%
Transcribed Image Text:Question: Elite Manufacturing Division operates as an investment center with control over its income and assets. For the current year: . Invested assets: $800,000 . Net income: $440,000 Calculate the division's return on assets (ROA). Choose from: a. 45.5% b. 55.0% c. 181.8% d. 71.4%
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