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Rapid Company has three divisions and expects each division to earn a 18% target rate of return. The company had the following results Division 3
Rapid Company has three divisions and expects each division to earn a 18% target rate of return. The company had the following results Division 3 reported the following data: last year: (Click the icon to view the results.) (Click the icon to view the Division 3 data.) Read the Requirement 1. Compute Division 3's profit margin ratio, asset turnover ratio, and ROI. Round your results to three decimal places. Interpret the results in relation to the other two divisions. Begin by computing Division 3's profit margin ratio. (Enter the profit margin ratio as a percentage rounded to one decimal place, X.X%.) Requirements Data table 1. Compute Division 3's profit margin ratio, asset turnover ratio, and ROI. Round your results to three decimal places. Interpret the results in relation to the other two divisions. 2. Compute and interpret Division 3's RI. 3. What can you conclude based on the financial performance KPIs
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