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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%.

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%.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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