brainylove2734 brainylove2734

11-08-2020
Business

contestada

Assume the Residential Division of KappyKappy Faucets had the following results last year:
Net sales $6,360,000
Operating income 636,000
Average total assets 5,300,000
Management's target rate of return 16%
What is the division's return on investment?

Respuesta :

abiolataiwo2015 abiolataiwo2015

13-08-2020

Answer:

12%

Explanation:

Calculation for the division's return on investment

Using this formula

Return On Investment = Operating income /Average total assets

Let plug in the formula

Return on investment= $636,000/$5,300,000

Return on investment= 0.12*100

Return on investment=12%

Therefore the division's return on investment will be $12%

Answer Link

Otras preguntas

A company used about 7.4 × 105 sheets of paper in a month. Of the paper used during the month, the accounting department used about 8.9 × 103 of the sheets. Abo

please explain, I don't really get it

A resistance of 10ohm is bent in the form of a closed cirle. What is the effective resistance between the two pints of any diameter of this circle?

Crops produce the greatest amount of waste, mainly from plant parts not harvested as food. Why are most people less concerned about crop waste than other types

You are trying to save $20 a week to buy and use cd player. During the last 4 weeks you have saved $35, $15, $10 and $12. How much do you need to save this week

what natural resources were available to Meso-America?

In pure water, a red blood cell from an animal will swell and burst, but a leaf cell from a plant will not. Which structure in the leaf cell is responsible

Joseph has a coin and a number cube. The number cube is labeled 1 -6. He flips the coin once and rolls the number cube once. What is the probability that the co

What does W = too Please help

What two things must you know to find the momentum of an object? :( anyone?