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Question 14 3.33 pts Music Company has two divisions, Pianos and Guitars. During the current year, the Piano Division has sales of $750,000 and average
Question 14 3.33 pts Music Company has two divisions, Pianos and Guitars. During the current year, the Piano Division has sales of $750,000 and average operating assets of $375,000, What margin must the Piano Division earn to achieve a return on investment of 15%? 15.0% 10.2% 2.0% Question 15 3.33 pts Beverage Company has two divisions, Soft Drinks and Energy Drinks. Here are data regarding the Soft Drink Division: Return on investment Minimum required rate of return Residual income 25% 13% $96,000 What is the Soft Drink Division's operating income? $800,000 $400.000 $200,000 $150,000
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