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warrenrulez warrenrulez
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4 months ago
Ronaldi Corporation's Port division has a segment margin of $400,000 and net sales revenue of $4,400,000 for the current reporting period. The division has an asset turnover of 1.5. What is the division's ROI?

▸ 13.2%

▸ 13.6%

▸ 11%

▸ The answer cannot be determined from the information given.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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jgunn88jgunn88
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4 months ago
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13.6%

($400,000 × 1.5) ÷ $4,400,000 = 13.6%
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warrenrulez Author
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4 months ago
this is exactly what I needed
ediblefruitz
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Yesterday
Thanks for your help!!
Liarec
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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