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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 10 percent. (Round "Capital turnover" answers to 2 decimal places.) Division A Division B Division C Sales revenue $ $ 1,650,000 $ $ 40,100,000 8,822,000 10,025,000 Income Average investment Sales margin Capital turnover ROI % 25% 22 % 1.00 % % 22 % Residual income $ 450,000
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