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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 10 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 10 percent. (Round "Capital turnover" answers to 2 decimal place.) Division A Division B Division C Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income $ 1,650,000$ $8,822,000 221%) 4.00 25% 1.00 22% $450,000
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