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Assume the Residential Division of KappyKappy Faucets had the following results last year: Net sales $6,360,000 Operating income 636,000 Average total assets 5,300,000 Management's target
Assume the Residential Division of
KappyKappy
Faucets had the following results last year:
Net sales | $6,360,000 |
Operating income | 636,000 |
Average total assets | 5,300,000 |
Management's target rate of return | 16% |
What is the division's RI?
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