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Use the following information to answer Question. The Furniture Division of Waverly Company reports the...

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Accounting

Use the following information to answer Question. The Furniture Division of Waverly Company reports the following results for 2012:

Revenues $400,000

Operating Exp. $360,000

Operating Income $40,000

Operating Assets $500,000 Waverly Company has set a target return on investment (ROI) of 12% for the Furniture Division. Based on the information provided for Furniture, calculate its margin and turnover for 2012, and then use these amounts to calculate ROI.

A.

7%.

B.

10%.

C.

6%.

D.

8%.

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