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Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 38,180,000 Net operating
Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:
| Sales | $ | 38,180,000 | |
| Net operating income | $ | 3,658,960 | |
| Average operating assets | $ | 9,700,000 | |
| The company's minimum required rate of return | 14 | % | |
The division's margin used to compute ROI is closest to:
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Access Audit Handbook
Authors: Alison Grant
1st Edition
1859461778, 978-1859461778
