Long Beach Pharmaceutical Company has two divisions, which reported the following results for the most recent year.

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Which was the more successful division during the year? Think carefully about this, and explain youranswer.

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Managerial Accounting

ISBN: 9780073022857

7th Edition

Authors: Ronald W Hilton

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Question Posted: Mar 12, 2013 03:29 AM

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Long Beach Pharmaceutical Company has two divisions, which reported the following results for the most recent year.

Question:

Division II Income Average invested capital ROI Division I . 900,000 $6,000,000. 15% 200,000 $1,000,000 20%

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Results as to which division is the most successful depends on the firms cost of capital To see this ...View the full answer

Managerial Accounting

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