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Thacker Company has two regional offices

Thacker Company has two regional offices
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Solution Guide / Answer Key:

ACCOUNTING

Multiple Choice

Thacker Company has two regional offices. The data for each is as follows:

                                                Maryland         New York

                        Revenues         $  580,000       $  596,000

                        Operating assets          4,800,000        9,000,000

                        Net operating income  2,016,000        4,860,000

 

                        What is the return on investment for the New York Division?

            a.         0.42.

            b.         0.54

            c.         0.96

            d.         4.12

 

FILE: MS WORD

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