The Electronics Division of Anton Company reports the following results for the current year: Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division. The Electronic Division's turnover (asset utilization) is:
$$\begin{array} { | l | l r | }
\hline \text { Revenues } & \$ & 800,000 \
\hline \text { Operating expenses } & \$ & 720,000 \
\hline \text { Operating income } & \$ & 144,000 \
\hline \text { Operating assets } & \$ & 1,200,000 \
\hline
\end{array}$$
A)0.1125.
B)0.12.
C)0.667.
D)0.18.

Question

The Electronics Division of Anton Company reports the following results for the current year: Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division. The Electronic Division's turnover (asset utilization) is:
$$\begin{array} { | l | l r | } 
\hline \text { Revenues } & \$ & 800,000 \
\hline \text { Operating expenses } & \$ & 720,000 \
\hline \text { Operating income } & \$ & 144,000 \
\hline \text { Operating assets } & \$ & 1,200,000 \
\hline
\end{array}$$
A)0.1125.
B)0.12.
C)0.667.
D)0.18.

Quizplus · Accepted Answer

The Answer of The Electronics Division of Anton Company reports the following results for the current year: Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division. The Electronic Division's turnover (asset utilization) is:
$$\begin{array} { | l | l r | } 
\hline \text { Revenues } & \$ & 800,000 \
\hline \text { Operating expenses } & \$ & 720,000 \
\hline \text { Operating income } & \$ & 144,000 \
\hline \text { Operating assets } & \$ & 1,200,000 \
\hline
\end{array}$$
A)0.1125.
B)0.12.
C)0.667.
D)0.18.

The Electronics Division of Anton Company Reports the Following Results