(Answered) The january 2008 income statement for the television

Accounting

The January 2008 income statement for the television division of the Maddux Company is as follows:

Sales $240,000
Operating expenses 100,000
Net operating income 140,000
Interest expense 20,000
Earnings before taxes 120,000
Tax expense (30%) 36,000
Net Income $84,000

If this division's invested capital is $400,000 then its return on investment is

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