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Delta Tool and Die, Inc. manufactures dies, molds, and machine tools. It has a Northern Division and a Southern Division. After reviewing the segmented income
Delta Tool and Die, Inc. manufactures dies, molds, and machine tools. It has a Northern Division and a Southern Division. After reviewing the segmented income statements and balance sheets for both divisions, you have determined that the Northern Division has an operating income of $1,114 and average operating assets of $9,600 while the Southern Division has an operating income of $3,286 and average operating assets of $41,600. What is the ROI for each division?
Question 1 options:
A | Southern Division, ROI 7.90%; Northern Division, ROI 11.60% |
B | Southern Division, ROI 8.90%; Northern Division, ROI 11.50% |
C | Southern Division, ROI 7.95%; Northern Division, ROI 11.65% |
D | Southern Division, ROI 8.95%; Northern Division, ROI 11.55% |
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