Holo Company reported the following financial numbers for one of its divisions for the year;average total assets of $5,800,000;sales of $5,375,000;cost of goods sold of $3,225,000;and operating expenses of $1,147,000.Compute the division's return on investment:
A)18.6%.
B)21.3%.
C)17.3%.
D)10.4%.
E)14.7%.

Question

Quizplus · Accepted Answer

The Answer of Holo Company reported the following financial numbers for one of its divisions for the year;average total assets of $5,800,000;sales of $5,375,000;cost of goods sold of $3,225,000;and operating expenses of $1,147,000.Compute the division's return on investment:
A)18.6%.
B)21.3%.
C)17.3%.
D)10.4%.
E)14.7%.

Holo Company Reported the Following Financial Numbers for One of Its