Provisions Company, a manufacturer of office supplies, provides the following financial information: Pen Division Pencil Division Operating income $100,000 $40,000 Net sales $500,000 $580,000 $610,000 $150,000 Total assets at Jan. 1 $350,000 Total assets at Dec. 31 $300,000 Calculate the return on investment for the Pen Division. (Round your answer to two decimal places.) O A. 17.24% O B. 16.81% OC. 12.31% O D. 16.39%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Provisions​ Company, a manufacturer of office​ supplies, provides the following financial​ information:
 
 
Pen Division
Pencil Division
Operating income
​$100,000
​$40,000
Net sales
​$500,000
​$150,000
Total assets at Jan. 1
​$580,000
​$350,000
Total assets at Dec. 31
​$610,000
​$300,000
 
Calculate the return on investment for the Pen Division.​ (Round your answer to two decimal​ places.)
Provisions Company, a manufacturer of office supplies, provides the following financial information:
Pen Division
Pencil Division
Operating income
$100,000
$40,000
Net sales
$500,000
$150,000
Total assets at Jan. 1
$580,000
$610,000
$350,000
$300,000
Total assets at Dec. 31
Calculate the return on investment for the Pen Division. (Round your answer to two decimal places.)
O A. 17.24%
O B. 16.81%
O C. 12.31%
O D. 16.39%
Transcribed Image Text:Provisions Company, a manufacturer of office supplies, provides the following financial information: Pen Division Pencil Division Operating income $100,000 $40,000 Net sales $500,000 $150,000 Total assets at Jan. 1 $580,000 $610,000 $350,000 $300,000 Total assets at Dec. 31 Calculate the return on investment for the Pen Division. (Round your answer to two decimal places.) O A. 17.24% O B. 16.81% O C. 12.31% O D. 16.39%
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