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2. Cabell Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and
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Cabell Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and average operating assets of $4,778,400. The company's minimum required rate of return is 15%. The division's margin is closest to: Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating income Average operating assets The company's minimum required rate of return $38,380,000 $ 3,758,960 $ 9,900,000 15% The division's residual income is closest to: Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income Average operating assets $17,540,000 $ 648,980 $ 4,560,000 The division's return on investment (ROI) is closest to: Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income Average operating assets $ 17,810,000 $ 783,640 $ 4,640,000 The division's turnover is closest toStep by Step Solution
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