Heavey Fabrication is a division of a major corporation.Last year the division had total sales of $21,120,000,net operating income of $2,006,400,and average operating assets of $6,000,000.The company's minimum required rate of return is 12%.
Required:
What is the division's return on investment (ROI)?

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The Answer of Heavey Fabrication is a division of a major corporation.Last year the division had total sales of $21,120,000,net operating income of $2,006,400,and average operating assets of $6,000,000.The company's minimum required rate of return is 12%.
Required:
What is the division's return on investment (ROI)?

Heavey Fabrication Is a Division of a Major Corporation