Cleopatra Corporations Lingerie division has a segment margin of $729,000 and net sales revenue of...
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Cleopatra Corporations Lingerie division has a segment margin of $729,000 and net sales revenue of $5,400,000 for the current reporting period. Average total assets for the period were $3,375,000. The division manager is considering implementing a new inventory system which would reduce the average total assets by $675,000. Assuming no change in sales or segment margin, the projected ROI with the reduction in inventory would be:
Please choose from one of the below answers:
a. 13.5%
b. 24%
c. 21.6%
d. 20%
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