Heady Fabrication is a division of a major corporation 1 answer below »

Heady Fabrication is a division of a major corporation. Last year the division had total sales of $6,480,000, net operating income of $667,440, and average operating assets of $2,000,000. The company's minimum required rate of return is 10%.

Required:

What is the division's return on investment (ROI)?

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