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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 1 decimal place.) Division A Division B Division C Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income $ 10,000,000 400,0002,000,000 $ 2,500,000 201% 1.0 25 | % 201 % $ 120,000
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