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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 $ 37,380,000 Net operating
Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:
| Sales | $ | 37,380,000 | |
| Net operating income | $ | 3,258,960 | |
| Average operating assets | $ | 8,900,000 | |
| The company's minimum required rate of return | 16 | % | |
The division's margin used to compute ROI is closest to:
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Forensic And Investigative Accounting
Authors: D. Larry Crumbley
3rd Edition
0808017233, 9780808017233
