Figure 19-2
The following results for the year pertain to the Northern Division of Garvey Ltd.: $\begin{array}{lr}
\text { Sales } & £ 400,000 \
\text { Taxes } & 60,000 \
\text { Operating income after taxes } & 160,000
\end{array}$
-Refer to Figure 19-2. If Northern's average operating assets are £1,200,000 and their minimum required rate of return is 12 per cent, what is the Northern Division's return on investment?
A)33.3%
B)18.3%
C)13.3%
D)12.0%

Question

Quizplus · Accepted Answer

The Answer of Figure 19-2
The following results for the year pertain to the Northern Division of Garvey Ltd.: $\begin{array}{lr}
\text { Sales } & £ 400,000 \
\text { Taxes } & 60,000 \
\text { Operating income after taxes } & 160,000
\end{array}$
-Refer to Figure 19-2. If Northern's average operating assets are £1,200,000 and their minimum required rate of return is 12 per cent, what is the Northern Division's return on investment?
A)33.3%
B)18.3%
C)13.3%
D)12.0%

Figure 19-2 the Following Results for the Year Pertain to the Northern

Figure 19-2
the Following Results for the Year Pertain to the Northern