Multiple Choice
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Compute the division's return on investment:
A) 17.3%.
B) 14.7%.
C) 21.3%.
D) 18.6%.
E) 10.4%.
Correct Answer:
Verified
Correct Answer:
Verified
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