Asked by Angela Mejias on Jul 28, 2024
Verified
Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: 
The division's return on investment (ROI) is closest to:
A) 24.0%
B) 31.62%
C) 3.0%
D) 9.3%
Return On Investment
A performance measure used to evaluate the efficiency of an investment by comparing its return to its cost.
- Compute and elucidate the Return on Investment (ROI) across various departments and potential investment ventures.
Verified Answer
JG
jefeson garciaJul 29, 2024
Final Answer :
B
Explanation :
ROI = Net Income / Total Assets
= $3,935,000 / $12,450,000
= 0.3162 or 31.62% (rounded to two decimal places)
= $3,935,000 / $12,450,000
= 0.3162 or 31.62% (rounded to two decimal places)
Learning Objectives
- Compute and elucidate the Return on Investment (ROI) across various departments and potential investment ventures.
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