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Division d of saunders company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. what is the rate of return on investment for division
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Division d of saunders company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. what is the rate of return on investment for division d?

a. 153.3%

b. 114.7%

c. 233%

d. 87.2%

User Cheng
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1 Answer

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The formula is (net profit / total investment) x 100. Applying the formula we have: [(350,000-120,000-58,000)] x 100 = 114.66%, rounding up to 114.7%. Therefore, the correct answer is b.
User Adam Merrifield
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