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Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Selected sales and operating data for three divisions
Selected sales and operating data for three divisions of different structural engineering firms are given as follows:
Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division C Division A Division B Sales $6,700,000 10,700,000 $9,800,000 Average operating assets $1,340,000 5,350,000 $1,960,000 388,600 1,048,600 298,900 Net operating income 22.00% Minimum required rate of return 19.60% 19.00% Required: 1. Compute the return on investment (RO) for each division using the formula stated in terms of margin and turnover. (Round your answers to 2 decimal places ROI Margin Turnover Division A Division B Division CStep by Step Solution
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