M http://ezto.mheducation.com/hm.tpx Mail-Smith, Courtney A (Wes...C Chegg Study

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M http://ezto.mheducation.com/hm.tpx Mail-Smith, Courtney A (Wes...C Chegg Study Guided Solution... File Edit View Favorites Tools Help Wish-Shopping Made FunYounique by Courtney s.. Gastric Sleeve weight Los west Kentucky Communi. welcome to Facebook-L G Google Home Chegg x Find: planning fu Options Previous Next Exam 3 instructions I help Question 33 (of 40) Save & ExitSubmit Time remaining: 2:15:09 Carter Company reported the following financial numbers for one of its divisions for the year, average total assets of $4,200,000, sales of $4,625,000, cost of goods sold of $2,650,000, and operating expenses of $1,472,000. Compute the divislon's return on Investment: 18.98%. o 25.47% 11.98%. 7.68% 10.88% 4:21 PM 5/3/2016

Explanation / Answer

the division's return on investment=sales of $4,625,000-cost of goods sold of $2,650,000- operating expenses of $1,472,000/average total assets of $4,200,000=503,000/4,200,000=11.98%

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