Ask Question
BusinessBusiness
28 February, 07:01

Assume the Residential Division of Kipper Faucets had the following results last year Net sales revenue Operating income Average total assets Management's target rate of return What is the division's ROI? $ 18,700,000 7,480,000 5,500,000 18% A. 13696 B. 40% С. 74% D. 340%

+5
Answers (1)
  1. 28 February, 09:38
    0
    What is the division's ROI? A. 136%

    Explanation:

    The ROI (Return on Investment), it's a financial ratio that measure the benefit that an investor will receive in relation to their investment cost.

    It's determined by the Operating Income / Average Total Assets =

    $7,480,000 / $5,500,000 = 136%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Assume the Residential Division of Kipper Faucets had the following results last year Net sales revenue Operating income Average total ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Variable costs are costs A) That vary in total directly and proportionately with changes in the activity level. B) Remain the same per unit at every activity level. C) Neither of these. D) There are two of the responses that are correct.
Answers (1)
If a check that was outstanding on last period's bank reconciliation was not among the cancelled checks returned by the bank this period, in preparing this period's reconciliation, the amount of this check should be: A) Added to the book balance of
Answers (1)
Stacey purchased 300 shares of Coulter Industries stock and held it for 4 months before reselling it. What is the value of "m" when computing the annualized return on this investment?
Answers (1)
Which organization was established to train the hard-core unemployed? - Better Business Bureau - Equal Employment Opportunity Commission - Environmental Protection Agency - Affirmative Action Committee - National Alliance of Business
Answers (2)
Evan, a shareholder, owned 20% of Yorker's stock for 200 days and 25% of Yorker's stock for the remaining 165 days of the year (not a leap year).
Answers (1)
New Questions in Business
For accounting errors, which of the below sentences is true? a. They are primarily caused by lack of training. b. They are problems caused by failures in systems, procedures, and policies. c.
Answers (1)
Which type of writing is most commonly used in the field of information technology? A. Technical writing B. Creative writing C. Essay writing D. Proposal writing
Answers (1)
A stock had returns of 21.70% (1 year ago), 2.40% (2 years ago), X (3 years ago), and ‑14.60% (4 years ago) in each of the past 4 years. Over the past 4 years, the geometric average annual return for the stock was 2.85%.
Answers (1)
A Six sigma (6s) approach to quality focuses on preventing defects by using customer feedback to reduce variation and waste. Group of answer choices True False
Answers (1)
Substance use/abuse becomes a form of self-soothing when you feel stress or anxious
Answers (1)
Home » Business » Assume the Residential Division of Kipper Faucets had the following results last year Net sales revenue Operating income Average total assets Management's target rate of return What is the division's ROI? $ 18,700,000 7,480,000 5,500,000 18% A.
Sign Up Forgot Password?