The profit margin for Division K is 9% and the investment turnover is 1.20. What is the rate of return on investment for Division K?
A) 10.8%
B) 6.7%
C) 7.5%
D) 9.6%

Name: The profit margin for Division K is 9% and the investment turnover is 1.20. What is the rate of return on investment for Division K? A) 10.8% B) 6.7% C) 7.5% D) 9.6%
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Question

Quizplus · Accepted Answer

The rate of return on investment (ROI) is calculated by multiplying the profit margin by the investment turnover. For Division K, ROI = 9% * 1.20 = 10.8%.

The Profit Margin for Division K Is 9% and the Investment