Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:

-The division's return on investment (ROI)is closest to:
A) 6.3%
B) 2.7%
C) 35.1%
D) 160.1%

Question

Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:
 
-The division's return on investment (ROI)is closest to:
A) 6.3% 
B) 2.7% 
C) 35.1% 
D) 160.1%

Quizplus · Accepted Answer

ROI = Net operating income ÷ Average operating assets
= $2,808,960 ÷ $8,000,000 = 35.11%

Dacker Products Is a Division of a Major Corporation