Heavey fabrication is a division of a major corporation, Financial Accounting

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Heavey fabrication is a division of a major corporation

Heavey Fabrication is a division of a major corporation. Last year the division had total sales of $21,120,000, net operating income of $2,006,400, and average operating assets of $6,000,000. The company's minimum required rate of return is 12%.

Required:

What is the division's return on investment (ROI)?

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Financial Accounting: Heavey fabrication is a division of a major corporation

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Financial Accounting: Heavey fabrication is a division of a major corporation

Reference No:- TGS01069635

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