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Return On Investment. Marcy Miller, a divisional manager, is evaluated based on return on investment. In the last quarter her division achieved a 12% margin
Return On Investment. Marcy Miller, a divisional manager, is evaluated based on return on investment. In the last quarter her division achieved a 12% margin and a 15% return on investment. The division had $3,000,000 in operating assets that quarter.
Required
a. What was the divisions sales revenue for the quarter?
b. What was the divisions net operating income for the quarter?
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