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14. Mason Corporation had $1,000,000 in invested assets, sales of $1,237,000, operating income amounting to $208,000, and a desired minimum retum on invesment of 14%.

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14. Mason Corporation had $1,000,000 in invested assets, sales of $1,237,000, operating income amounting to $208,000, and a desired minimum retum on invesment of 14%. The profit matgin for Mason Corporation is A. 14.0% B. 16.8% C. 80.8% D. 20.8% 15. Mason Corporation had $1,052,000 in invested assets, sales of $1,236,000, operating income zmounning to $236,000, and a desired minimum retum on investment of 12%. The investment turnover for Mason Corporation is B. 0.94 C. 1.17 A. 1.76 D. 1.41 16. Mason Carporation had $1,035,000 in invested assets, sales of $1,203,000, operating income amounring to $209,000, and a desired minimum retum on investment of 15%. The residual income for Mason Corporation is B. 50 C. $53,750 A. 575,250 D. ($5,200) 17. A responsibility center in which the deparment manager is responsible for costs, revenues, and assets for a deparment is called a(a) B. Operating C. Cost D. Investment

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