Bouvous Corp has two regional offices.The data for each are as follows: $$\begin{array} { l r r }
& \text { Maryland } & \text { New Jersey } \
\text { Revenues } & \$ 290,000 & \$ 300,000 \
\text { Operating assets } & 2,400,000 & 4,500,000 \
\text { Net operating income } & 1,008,000 & 1,500,000
\end{array}$$ What is the return on investment for the New Jersey Division?
A) 21%
B) 33.33%
C) 66.67%
D) 25%

Question

Bouvous Corp has two regional offices.The data for each are as follows: $$\begin{array} { l r r } 
& \text { Maryland } & \text { New Jersey } \
\text { Revenues } & \$ 290,000 & \$ 300,000 \
\text { Operating assets } & 2,400,000 & 4,500,000 \
\text { Net operating income } & 1,008,000 & 1,500,000
\end{array}$$ What is the return on investment for the New Jersey Division?
A) 21%
B) 33.33%
C) 66.67%
D) 25%

Quizplus · Accepted Answer

Return on investment = Net operating income / Operating assets= 1,500,000 / 4,500,000= 0.3333 or 33.33%

Bouvous Corp Has Two Regional Offices What Is the Return on Investment for the New Jersey