Asked by Diana Richardson on Jul 19, 2024
Verified
The following data are for the Akron Division of Consolidated Rubber, Incorporated: 
For the past year, the return on investment was:
A) 6%
B) 30%
C) 18%
D) 26%
Operating Assets
Assets that are used in the day-to-day operations of a business to generate revenue, such as machinery, buildings, and equipment.
- Comprehend the method of calculating Return on Investment (ROI) and interpreting its significance.
- Determine the success of divisional undertakings by reviewing financial measures such as net operating income, sales revenue, and average operating assets.
Verified Answer
KV
Kevin VidesJul 23, 2024
Final Answer :
C
Explanation :
The return on investment is not directly provided in the given data. The provided data seems to be a code or reference number. Therefore, we cannot determine the return on investment for the Akron Division of Consolidated Rubber, Incorporated based on the given information.
Learning Objectives
- Comprehend the method of calculating Return on Investment (ROI) and interpreting its significance.
- Determine the success of divisional undertakings by reviewing financial measures such as net operating income, sales revenue, and average operating assets.