Multiple Choice
Carter Company reported the following financial numbers for one of its divisions for the year;average total assets of $4,100,000;sales of $4,525,000;cost of goods sold of $2,550,000;and operating expenses of $1,372,000.Compute the division's return on investment:
A) 30.3%.
B) 23.6%.
C) 13.3%.
D) 10.4%.
E) 14.7%.
Correct Answer:
Verified
Correct Answer:
Verified
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