Terra Company Has Two Divisions, the Retail Division and the Wholesale

Multiple Choice

Terra Company has two divisions, the Retail Division and the Wholesale Division. The following information was gathered for the two divisions for the current year: $\begin{array}{lcccc}&\text { Retail Division }&\text { Wholesale Divisiot }\\\text { Operating income } & \$ 6,600,000 & \$ 3,100,000 \\\text { Operating assets } & \$ 36,600,000 & \$ 16,600,000\end{array}$ Assuming that these are the only divisions of Terra Company, what is the ROI for the company as a whole?

A) 18.03%
B) 18.23%
C) 18.67%
D) 36.71%