Chace Products Is a Division of a Major Corporation

Multiple Choice

Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company's minimum required rate of return is 12%.
-The division's return on investment (ROI) is closest to:

A) 49.0%
B) 11.5%
C) 0.3%
D) 2.2%