Scribe Company, a manufacturer of writing instruments, provides the following financial information: Pen Division Pencil Division...
Scribe Company, a manufacturer of writing instruments, provides the following financial information:
|
Pen Division |
Pencil Division |
|
|
Operating income |
$90,000 |
$40,000 |
|
Net sales |
$450,000 |
$ $200,000 |
|
Total assets at Jan. 1 |
$580,000 |
$255,000 |
|
Total assets at Dec .31 |
$700,000 |
$235,000 |
Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.)
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Scribe Company, a manufacturer of writing instruments, provides the following financial information: Pen Division Pencil Division...
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