Listed below is selected financial information for the Western Division of the Hinzel Company for last year.
| Account | Amount (thousands) |
|---|---|
Average working capital | $625 |
General and administrative expense | 75 |
Net sales | 4,000 |
Average plant and equipment | 1,775 |
Cost of goods sold | 3,525 |
If Hinzel treats the Western Division as an investment center for performance measurement purposes, what is the before-tax return on investment for last year?
| a. | 16.67 percent. | |
| b. | 26.76 percent. | |
| c. | 22.54 percent. | |
| d. | 19.79 percent. |
