What was the divisions roi, Accounting Basics

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What was the divisions roi

Question: A division of Monclair Corporation measures return on investment (ROI) in terms of the asset base over which management has responsibility. In the current period, the division reported operating income of $1.08 million and net income of $600,000. The division's average total assets for the period were $12 million, and its average stockholders' equity was $6 million. What was the division's ROI? Multiple choice question. 5% 10% 18% 9%

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Accounting Basics: What was the divisions roi

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