Crystal Company, a manufacturer of office supplies, provides the following financial information
Pen Division Pencil Division
Operating income $100,000 $40,000
Net sales $450,000 $200,000
Total assets at Jan. 1 $560,000 $255,000
Total assets at Dec .31 $600,000 $275,000
Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.)
A) 17.24%
B) 15.09%
C) 15.69%
D) 14.55%
B .B)
ROI =
Average total assets =
Average total assets = = 265,000
ROI = = 15.09%
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