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Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales$37,080,000 Net operating income$3,108,960 Average operating assets$8,600,000 The company's minimum required rate of return 16% The division's margin used to compute ROI is closest to: Multiple Choice 31.6% 36.2% 23.2% 8.4%

Respuesta :

Answer:

36.2%

Explanation:

The ROI known as the return on investment is a performance tool used to measure the efficiency of an investment. It is calculated by dividing the net income by average operating assets , then multiply the result by 100. It is useful for measuring the performance of an investment overtime.

Workings

Net operating income =$3,108,960

Operating assets $8,600,000

ROI = 3108960/8600000*100 = 36.2%

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