this question appeared in the june 2015 exam.at the start of the year, a divisio-凯发娱乐

this question appeared in the june 2015 exam.

at the start of the year, a division has non-current assets of $4 million and makes no additions ordisposals during the year. depreciation is charged at a rate of 10% per annum on all non-currentassets held at the end of the year. working capital is $0.5 million at the start of the year althoughthis is expected to increase by 20% by the end of the year. the budgeted profit of the division afterdepreciation is $1.2 million.

what is the expected roi of the division for the year, based on average capital employed

27.59%

26.37%

18.39%

31.58%

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