Aide industries is a division of a major corporation. data concerning the most recent year appears below: sales $17,810,000 net operating income $765,830 average operating assets $5,100,000 the division's return on investment (roi) is closest to: (round your answer to 2 decimal places.)

The division's return on investment (ROI) is closest to 15.02%

Explanation:

Return on investment (ROI) is calculated by using following formula:

ROI = Net income/Total investment

In Aide Industries is a division of a major corporation, total investment  equal Average operating assets.

The division has Net operating income of $765,830 and  Average operating assets of $5,100,000

ROI = $765,830/$5,100,000 = 15.02%

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