Thacker Company has two regional offices. The data for each are as follows: What is the return on investment for the New Jersey Division?
A)0.21
B)0.27
C)0.48
D)2.06

Question

Thacker Company has two regional offices. The data for each are as follows:  What is the return on investment for the New Jersey Division?
A)0.21 
B)0.27 
C)0.48 
D)2.06

Quizplus · Accepted Answer

The return on investment for the New Jersey Division can be calculated as follows:
ROI = (Net Income / Total Investment) * 100
For the New Jersey Division: 
Net Income = $222,000
Total Investment = $820,000
ROI = (222,000 / 820,000) * 100
ROI = 0.27
Therefore, the correct answer is B) 0.27, as this represents the return on investment for the New Jersey Division.

Thacker Company Has Two Regional Offices