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9. Steve Toady Corp. manages performance of its divisions using both ROI and Ri. Steve's hurtle rate is 45%. Use the following data to calculate
9. Steve Toady Corp. manages performance of its divisions using both ROI and Ri. Steve's hurtle rate is 45%. Use the following data to calculate ROI, Margin, Turnover and RI for each of the divisions. Division One Two Three $1,000,000 $1,000,000 $1,000,000 $500,000 $750,000 $600,000 Sales Avg. Asset Ending Bal. Avg. Asset Beginning Bal. Operating Income $400,000 $250,000 $500,000 $350,000 $600,000 $450,000
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