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) 9.3%

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) 9.3%

Quizplus · Accepted Answer

ROI = Net Income / Total Assets
= $3,935,000 / $12,450,000
= 0.3162 or 31.62% (rounded to two decimal places)

Agustin Industries Is a Division of a Major Corporation