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Homework answers / question archive / The following selected data pertain to the belt division of Allen Corp
The following selected data pertain to the belt division of Allen Corp. for last year:sales = $500,000 Average operating Assets = $200,000 Operating Income = $80,000 Turnover = 2.5 Min. Required Return = 20%What was the return on investment?
Calculation of Return on Investment:
= Operating Income / Average Operating Assets
= $80,000 / $200,000
= 0.40 or 40%
pfa
