Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: The division's return on investment (ROI) is closest to:
A) 24.0%
B) 31.62%
C) 3.0%
D) 7.2%

Name: Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: The division's return on investment (ROI) is closest to: A) 24.0% B) 31.62% C) 3.0% D) 7.2%
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Question

Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:  The division's return on investment (ROI) is closest to:
A) 24.0% 
B) 31.62% 
C) 3.0% 
D) 7.2%

Quizplus · Accepted Answer

ROI = Net operating income ÷ Average operating assets = $1,581,000 ÷ $5,000,000 = 31.62%

Agustin Industries Is a Division of a Major Corporation