Question
Meg Division of Jess Company has the following data related to a particular period: Average invested capital $ 687,768 Imputed interest rate 10.9 % Revenues
Meg Division of Jess Company has the following data related to a particular period:
| Average invested capital | $ | 687,768 |
|
| Imputed interest rate |
| 10.9 | % |
| Revenues | $ | 1,856,950 |
|
| Variable costs | $ | 1,140,493 |
|
| Fixed costs related solely to the division | $ | 663,832 |
|
Calculate Meg division's return on sales for the period. (Present the final answer as a percentage, to 2 decimal places.)
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Advanced Accounting
Authors: Debra C. Jeter, Paul Chaney
2nd Edition
0471218529, 978-0471218524
