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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 6 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 6 percent. (Round "Capital turnover" answers to 2 decimal place.) pine Following data pertain to three divisions of Nevada Aggregates, Inc. The Division A Division B Division C Sales revenue Income $ 1,620,000 $ 8,040,000 20 % Average investment Sales margin Capital turnover ROI 18% 1.00 20% 4.00 18 % Residual income $ 480,000
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