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Required The following data pertain to three divisions of Nevada Aggregates, Inc. The company's required rate of return on invested capital is 8 percent. (Round
Required The following data pertain to three divisions of Nevada Aggregates, Inc. The company's required rate of return on invested capital is 8 percent. (Round "Capital turnover" answers to 2 decimal place.) Division A Division B Division C $ 8,700,000 $ 41,400,000 40,0008,280,000 $ 8,700,000 10,350,000 Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income 201 % 1.00 201% 4.00 25 % 20 % 801% 201% $ 1,044,000 7,452,000 $ 507,000
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