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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 12 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 12 percent. (Round "Capital turnover" answers to 2 decimal place.) Division C Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income Division A $ 7,500,000 $ 1,800,000 $ 7,500,000 24% 1.00 L 24% 900,000 Division B $ 42,000,000 $ 8,400,000 $ 10,500,000 201% 4.00 80% $ 7,140,000 30 % 24% 516,000 $
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