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Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,150,000; sales of $6,425,000; cost of goods sold of $3,575,000; and operating expenses of $1,287,000. Compute the division's return on investment:
24.3%.
20.0%
25.4%.
18.5%.
22.8%.
27.
Walters manufactures a specialty food product that can currently be sold for $23.00 per unit and has 21,000 units on hand. Alternatively, it can be further processed at a cost of $13,000 and converted into 13,000 units of Deluxe and 7,000 units of Super. The selling price of Deluxe and Super are $31.00 and $21.00, respectively. The incremental net income of processing further would be:
$67,000.
$54,000.
$19,000.
$45,000.
$13,000.
Mar 17 2020 Read more Less More
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