Question
Required information [The following information applies to the questions displayed below.] Selected sales and operating data for three divisions of different structural engineering firms are
Required information [The following information applies to the questions displayed below.] Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A Division B Division C Sales $5,600,000 $10,800,000 $9,000,000 Average operating assets $1,440,000 $5,900,000 $1,900,000 Net operating income $300,000 $896,000 $266,000 Minimum required rate of return 12% 9% 14% Requirement 1: Compute the return on investment (ROI) for each division using the formula stated in terms of margin and turnover. (Round all calculations to 2 decimal places, e.g., .1234 as 12.34. Omit the "%" sign in your response.) ROI Division A % Division B % Division C %
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