Jacksonville Company Jacksonville Company has established a target rate of return of 15% for all divisions.For the most recent year,Mandarin Division generated sales of $12,000,000 and expenses of $9,000,000.Total assets at the beginning of the year were $7,000,000 and total assets at the end of the year were $9,000,000.
Refer to Jacksonville Company.For the most recent year,what was Mandarin Division's return on investment?
A) 18.75%
B) 33.33%
C) 37.50%
D) 42.86%
Correct Answer:
Verified
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