Question
Dan Division of Mitch Company has the following data related to a certain period: Average invested capital $ 667676 Imputed interest rate 10.1 % Revenues
Dan Division of Mitch Company has the following data related to a certain period:
| Average invested capital | $ | 667676 |
|
| Imputed interest rate |
| 10.1 | % |
| Revenues | $ | 1855641 |
|
| Variable costs | $ | 1092061 |
|
| Fixed costs related solely to the division | $ | 666164 |
|
Calculate Dan Division's return on sales for the relevant period. (Present the final answer as a percentage, to 2 decimal places.)
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
