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Return on investment last year for the Northern Division

The Northern Division of the Kimball Company reported the following data for last year:

Sales 800,000
Operating expenses 690,000
Stockholders' equity 250,000
Average operating assets 400,000
Minimum required rate of return 14%

Reference: 12-10

The return on investment last year for the Northern Division was:

50%
44%
27.5%
80%

Solution Summary

This provides the steps to calculate the return on investment last year for the Northern Division

$2.19