The Davao Division of CEL Company is treated as an investment center for performance measurement purposes. Selected financial information of such division for the last year is given below:Net Sales P 460, 000Cost of Goods Sold 305, 000Selling and administrative expenses 105, 000 Average working capital 70, 000Average non-current assets 130, 000The desired rate of return from investments of this division was set at 12%. What was the divisions return on investment last year

TRANSFER PRICING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Davao Division of CEL Company is treated as an investment center for performance measurement purposes. Selected financial information of such division for the last year is given below:Net Sales P 460, 000Cost of Goods Sold 305, 000Selling and administrative expenses 105, 000 Average working capital 70, 000Average non-current assets 130, 000The desired rate of return from investments of this division was set at 12%. What was the division’s return on investment last year

A	15%
B	20%
C	25%
D	29%

Explanation:

There is 1 question to complete.

ECONOMICS

COST ACCOUNTING

TRANSFER PRICING