The following information pertains to Quest Co.'s Gold Division for the current year:
|
Sales
|
$
|
220,900
|
|
Variable cost
|
$
|
187,500
|
|
Traceable fixed costs
|
$
|
28,000
|
|
Average invested capital
|
$
|
30,000
|
|
Imputed interest rate
|
|
6.50%
|
Quest's return on investment was: (Calculate ROI based on Operating Income.)