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Romano Corporation has three operating divisions and requires a 15% return on all investments. Selected information is presented here: Required: Calculate the missing amounts
Romano Corporation has three operating divisions and requires a 15% return on all investments. Selected information is presented here: Required: Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.) Division X Division Y Division Z Revenues $ 1,053,000 Operating income $ 117,200 $ 87,400 Operating assets $ 530,400 $ 376,100 Margin % 17.00 % % Turnover turn(s) 2.00 turn(s) 2.00 turn(s) ROI % % % Residual income $ 28,420
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