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Palm Company has a target rate of return of 12%, Palm has two divisions, Northern and Southern. During the current year, the Northern Division has

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Palm Company has a target rate of return of 12%, Palm has two divisions, Northern and Southern. During the current year, the Northern Division has sales of $900,000, a return on investment of 15%, and a capital turnover ratio of 3.0. What is the Northern Division's operating income? $108,000 $135,000 $36,000 $45,000 None of the above

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