The Electronics Division of Apex Company reports the following results for 2014: Revenues $472,000 Operating expenses $424,000 Operating income Operating assets $48,000 $580,000 Apex Company has set a target return on investment (ROI) of 11% for the Electronics Division. The Electronic Division's margin is: a. 12.89%. b. 10.17%. c. 11.32%. d. 8.28%.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
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The Electronics Division of Apex Company reports the following results for 2014:
Revenues
$472,000
Operating expenses $424,000
Operating income
Operating assets
$48,000
$580,000
Apex Company has set a target return on investment (ROI) of 11% for the Electronics
Division. The Electronic Division's margin is:
a. 12.89%.
b. 10.17%.
c. 11.32%.
d. 8.28%.
Transcribed Image Text:The Electronics Division of Apex Company reports the following results for 2014: Revenues $472,000 Operating expenses $424,000 Operating income Operating assets $48,000 $580,000 Apex Company has set a target return on investment (ROI) of 11% for the Electronics Division. The Electronic Division's margin is: a. 12.89%. b. 10.17%. c. 11.32%. d. 8.28%.
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