Division d of saunders company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. what is the rate of return on investment for division d?

a. 153.3%

b. 114.7%

c. 233%

d. 87.2%

Question

Hailee Ortega

Business

13 December, 21:47

Division d of saunders company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. what is the rate of return on investment for division d?

a. 153.3%

b. 114.7%

c. 233%

d. 87.2%

+4

Answers (1)

Know the Answer?

Izayah Weber · Answer 1

The formula is (net profit / total investment) x 100. Applying the formula we have: [ (350,000-120,000-58,000) ] x 100 = 114.66%, rounding up to 114.7%. Therefore, the correct answer is b.

Division d of saunders company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. what is the rate of return on investment for division d?a. 153.3%b. 114.7%c. 233%d. 87.2%

Division d of saunders company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. what is the rate of return on investment for division d?

a. 153.3%

b. 114.7%

c. 233%

d. 87.2%