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) 4.40%
B) 16.89%
C) 13.04%
D) 1.40%

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) 4.40% 
B) 16.89% 
C) 13.04% 
D) 1.40%

Quizplus · Accepted Answer

ROI = (Operating Income / Average Operating Assets) * 100
= (1,528,000 / [(3,725,000 + 3,130,000) / 2]) * 100
= 16.89%

Agustin Industries Is a Division of a Major Corporation