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Question 1 Wildhorse Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide
Question 1 Wildhorse Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure will be used to evaluate profitability. Wildhorse Corporation requires a 10% minimum return on investment. The following information is available for the year just ended. Gross Book Value Divisional Operating Division of Assets Income Ashton Drye Poole $800,000 $94,740 746,500 91,210 449,000 57,850 (a) Calculate return on investment. (Round ROI to 2 decimal places, e.g. 5.12%.) Return on Investment Ashton Drye Poole Which division performed the best
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