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Required information Skip to question [The following information applies to the questions displayed below.] King Mattresses sells both mattress sets and bed frames. Last quarter,
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[The following information applies to the questions displayed below.]
King Mattresses sells both mattress sets and bed frames. Last quarter, total sales were $66,000 for mattress sets and $33,000 for bed frames. Return on investment (ROI) was 20% for both divisions, while asset turnover (AT) was 5 for mattress sets and 2 for bed frames.
What was the amount of operating profit for each division?
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