Multiple Choice
Babak Industries is a division of a major corporation. Last year the division had total sales of $19,560,000, net operating income of $1,877,760, and average operating assets of $6,000,000.The division's return on investment (ROI) is closest to:
A) 7.3%
B) 23.8%
C) 31.3%
D) 3.0%
Correct Answer:
Verified
Correct Answer:
Verified
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