Return on investment
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Bartholomew Company's records for Department A provided the following information for last year:
Sales revenue $3,400,000
Productive assets 118,000
Net operating income 15,340
Total assets 191,750
What is the return on investment if the division manager only utilizes the productive assets?
A) 13.00%
B) 12.00%
C) 10.00%
D) 8.00%
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Solution Summary
The solution calculates return on investment if the division manager only utilizes the productive assets.
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Bartholomew Company's records for Department A provided the following information for last year:
Sales revenue ...
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