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Q.3 KK Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and

Q.3 KK Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average operating assets of $7,000,000. The company's minimum required rate of return is 12%. Required: a. What is the division's margin? b. What is the division's turnover? c. What is the division's return on investment (ROI)? (2 Marks ) Answer

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