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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 places.) Sales revenue $ 40,100,000 Income $ 1.650000 $ $322,000 Average investment $ 10.025,000 Sales margin 22 '31: \"A: 25 % Capital turnover 1.00 ::]: ROI \"/3 % 22 % Residual income $ 450,000
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