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The United World Corporation has three subsidiaries.

	Computers	Magazines	Cable TV
Sales	$16,000,000	$4,000,000	$8,000,000
Net Income (after taxes)	1,000,000	160,000	600,000
Assets	5,000,000	2,000,000	5,000,000

If the $5,000,000 investment in the Cable TV division is soldoff and redeployed in the computer division at the same rate of return on assets currently achieved in the computer division, what will be the new return on assets for the entire corporation?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797040

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