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PART A&B ARE BOTH WORTH 6 MARKS AND ARE NOT RELATED COMPANIES Part A LAURA Industries is a division of a major corporation. Last
PART A&B ARE BOTH WORTH 6 MARKS AND ARE NOT RELATED COMPANIES Part A LAURA Industries is a division of a major corporation. Last year the division had total sales of $23,800,000, net operating income of $3,903,600, and average operating assets of $7,000,000. The company's minimum required rate of return is 16%. Required: Round your answer to 2 decimal places.) a. What is the division's margin? b. What is the division's turnover? c. What is the division's return on investment (ROI)? 43 PART B DALLAS Corporation has two major business segments--Shoes and Clothing. Data concerning those segments for December appear below: Sales revenues, Shoes Variable expenses, Shoes $774,000 $340,000 00 Cho
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