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Sandhill Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance
Sandhill Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure will be used to evaluate profitability. Sandhill Corporation requires a 10% minimum return on investment. The following information is available for the year just ended Gross Divisional Book Value Operating Division of Assets Income Ashton Drye Poole $800,000$94,910 744,900 91,850 456,000 58,570 (a) Calculate return on investment. (Round R01 to 2 decimal places, eg. 5.12%.) Return on Investment Ashton Drye Poole Which division performed the best
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