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Required: 1.Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. (Round your
Required:1.Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. (Round your answers to 2 decimal places.)
Sales$1,984,000$2,907,000Average operating assets$620,000$570,000Net operating income$148,800$145,350Property, plant, and equipment (net)$262,000$212,000
Sales$1,984,000$2,907,000Average operating assets$620,000$570,000Net operating income$148,800$145,350Property, plant, and equipment (net)$262,000$212,000
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