Division d of saunders company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. what is the rate of return on investment for division d?
The formula is (net profit / total investment) x 100. Applying the formula we have: [(350,000-120,000-58,000)] x 100 = 114.66%, rounding up to 114.7%. Therefore, the correct answer is b.
