The following information relates to the Quilt Division of TDS Corporation for last year: What was the Quilt Division's return on investment (ROI)for last year?
A)13%
B)18%
C)40%
D)45%

Name: The following information relates to the Quilt Division of TDS Corporation for last year: What was the Quilt Division's return on investment (ROI)for last year? A)13% B)18% C)40% D)45%
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Question

The following information relates to the Quilt Division of TDS Corporation for last year:  What was the Quilt Division's return on investment (ROI)for last year?
A)13% 
B)18% 
C)40% 
D)45%

Quizplus · Accepted Answer

ROI = Net operating income ÷ Average operating assets
= $65, 000 ÷ $500, 000 = 13%

The Following Information Relates to the Quilt Division of TDS