Exam 12: Decentralization and Performance Evaluation

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The 2014 income statement for the East Division of Procter Wells Company is as follows: Sales \ 1,800,000 Operating expenses 1,380,000 Net operating income 420,000 Interest expense 120,000 Earnings before taxes 300,000 Income tax expense (40\%) 120,000 Net income \ 180,000 This division's invested capital is $4,000,000. How much is the East Division's return on investment?

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