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Problem 13-37 ROI and Residual Income; Missing Data (LO 13-2) Required: The following data pertain to three divisions of Nevada Aggregates, Inc. The company's required
Problem 13-37 ROI and Residual Income; Missing Data (LO 13-2) Required: The following data pertain to three divisions of Nevada Aggregates, Inc. The company's required rate of return on invested capital is 8 percent. (Round "Capital turnover" answers to 2 decimal places.) Division A Division B Division C Sales revenue $ $ 8,700,000 1,740,000 Income $ $ 41,400,000 8,280,000 10,350,000 Average investment $ Sales margin 20% % 25 % 1.00 Capital turnover ROI 20% % 20 % Residual income $ 507,000
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