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Oriole Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance
Oriole Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure will be used to evaluate profitability. Oriole Corporation requires a 10% minimum return on investment The following information is available for the year just ended. Gross Divisional Book Value Operating Division of Assets Ashton Drye Poole Income $800,000 749,400 450,000 $94,490 91,480 58,100 (a) Calculate return on investment. (Round ROI to 2 decimal places, eg. 5.1296.) Return on Investment Ashton Drye Poole Which division performed the best
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