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What’s the ROI formula. I have this: Operating Income / Avr. Total Assets, but I was looking online at this one: ROI = [(Payback – Investment)/Investment)]*100
I’m trying to solve this problem: 
Recreation Equipment Company has several divisions that are investment centers. Data for the Boat Division and the Trailer Division are shown here:

Boat Division Trailer Division Operating income $90,000 $36,000 Total assets at Jan 1 $670,000 $230,000 Total assets at Dec 31 $710,000 $220,000
Boat Division Trailer Division Operating income $90,000 $36,000 Total assets at Jan 1 $670,000 $230,000 Total assets at Dec 31 $710,000 $220,000
Boat Division Trailer Division

Boat Division
Boat Division
Trailer Division
Trailer Division
Operating income $90,000 $36,000
Operating income
Operating income
$90,000
$90,000
$36,000
$36,000
Total assets at Jan 1 $670,000 $230,000
Total assets at Jan 1
Total assets at Jan 1
$670,000
$670,000
$230,000
$230,000
Total assets at Dec 31 $710,000 $220,000
Total assets at Dec 31
Total assets at Dec 31
$710,000
$710,000
$220,000
$220,000

With regard to the efficient use of assets, which division has a higher ROI (show your calculations)
I get 13.04% and 16%
Thank you

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