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Required information [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month
Required information [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month Compute return on investment. Compute profit margin. Compute investment turnover. Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|l|}{ Target Income } & Beverage & Cheese \\ \hline Targeted return & & \\ \hline Target income & & \\ \hline Residual Income & & \\ \hline & Beverage & Cheese \\ \hline & & \\ \hline Residual income & & \\ \hline \end{tabular}
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