• The following are selected data for the division for the consumer products of ABC Corp for2019:Sales50,000,000Average invested capital (assets)20,000,000Net income2,000,000Cost of capital8%What is the return on investment for the division?1. 2%2. 4%3. 8%4. 10%О1O 23O 4

Solution: Return on Investment for the division = net income / Average invested capital = 2000000 /…

Answered: The following are selected data for the…

The following are selected data for the division for the cons 2019: es 50,000,000 rage invested capital (assets) 20,000,000 income 2,000,000 t of capital 8%

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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Question

• The following are selected data for the division for the consumer products of ABC Corp for
2019:
Sales
50,000,000
Average invested capital (assets)
20,000,000
Net income
2,000,000
Cost of capital
8%
What is the return on investment for the division?
1. 2%
2. 4%
3. 8%
4. 10%
О1
O 2
3
O 4

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