Answer:
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%
