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SOLVE ALL CORRECT OR I WILLR RATE NEGATIVE Three divisions of Jameson Co. report the following sales and operating data Athletic Wear Fitness Training $
SOLVE ALL CORRECT OR I WILLR RATE NEGATIVE
Three divisions of Jameson Co. report the following sales and operating data Athletic Wear Fitness Training $ 610,000 $ 152,500 $ 24,400 Spa Services Sales Average operating assets Operating income Minimum required rate of return 810,000 600,000 202,500 150,000 32,400 S30,000 13% 15% 13% Required 1. Compute the ROI for each division, using the formula stated in terms of margin and turnover ROI Fitness training Spa services Athletic wear 2. Compute the residual income for each division Fitness Training Spa Services Athletic Wear Residual income
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