Wares is a division of a major corp. the following data are, Ask an Expert

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Wares is a division of a major corp. The following data are for the latest year of operations:

Sales $30,000,000
Net Operating Income $1,170,000
Average Operating Assets $8,000,000
The Company's minimum required rate of return 18%

Required:

A) What is the division's margin?

B) What is the division's turnover?

C) What is the division's return on investment (ROI)?

D) What is the division's residual Income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412964

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