Multiple Choice
Figure 4
The following results for the year pertain to the Northern Division of Garvey Ltd.:
-Refer to Figure 4 above. If Northern's average operating assets are £1,200,000 and their minimum required rate of return is 12 percent, what is the Northern Division's return on investment?
A) 33.3%
B) 18.3%
C) 13.3%
D) 12.0%
Correct Answer:
Verified
Correct Answer:
Verified
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