Assume Cucumber Company expects each division to earn an 8% target rate of return. Assume the Company’s Pickle Division had the following results:
Sales $24,500,000
Operating income 1,250,000
Total assets 15,500,000
The Division’s ROI is:
A. 8.1%.
B. 15.8%.
C. 5.1%.
D. 8.0%.
A
Business
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