Cabal Products is a division of a major corporation. Last year the division had total...
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Accounting
Cabal Products is a division of a major corporation. Last year the division had total sales of $18,690,000, net operating income of $934,500, and average operating assets of $5,233,200. The company's minimum required rate of return is 20%. The division's return on investment (ROI) is closest to:
28.0%
25.0%
5.0%
17.9%
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