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oped Jimbob Co. has four operating divisions with the following information for the most recent fiscal year. Jimbob Co. Sales Net operating income Average operating
oped Jimbob Co. has four operating divisions with the following information for the most recent fiscal year. Jimbob Co. Sales Net operating income Average operating assets B C D A $12,000,000 14,000,000 25,000,000 10,000,000 $ 600,000 560,000 800,000 720,000 Required: Division $3,000,000 7,000,000 5,000,000 6,000,000 The minimum rate of return set by company management is 15%. a. What is the return on investment for each division?
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