Question
Dallas Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,780,000 Net operating
Dallas Products is a division of a major corporation. The following data are for the most recent year of operations:
| Sales | $ | 37,780,000 | |
| Net operating income | $ | 3,458,960 | |
| Average operating assets | $ | 9,300,000 | |
| The company's minimum required rate of return | 15 | % | |
The division's margin used to compute ROI is closest to:
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
9th edition
1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343
