Cabal Products Is a Division of a Major Corporation

Multiple Choice

Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. The division's return on investment (ROI) is closest to:

A) 4.1%
B) 14.6%
C) 36.6%
D) 0.9%