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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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