What is the rate of return on investment for Division D?
A) 153.3%
B) 114.7%
C) 87.2%
D) 233%

Name: What is the rate of return on investment for Division D? A) 153.3% B) 114.7% C) 87.2% D) 233%
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Question

Quizplus · Accepted Answer

Divide the net income of Division D (i.e. $1,147,000) by its average total assets (i.e. $997,000) and multiply by 100 to get the rate of return on investment:

Rate of return = ($1,147,000 ÷ $997,000) x 100 = 114.7%

Therefore, option B is the correct answer.

What Is the Rate of Return on Investment for Division