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Steering Waste Management has a subsidiary that disposes of hazardous waste and a subsidiary that collects and disposes of residential garbage. Information related to the
Steering Waste Management has a subsidiary that disposes of hazardous waste and a subsidiary that collects and disposes of residential garbage. Information related to the two subsidiaries follows: Total assets Noninterest-bearing current liabilities Net income Interest expense Required rate of return Tax rate Hazardous Waste $17,136,000 3,696,000 2,088,000 1,532,000 10% Residential Waste $97,440,000 14,784,000 7,392,000 8,984,000 13% 35% 35% (a) Calculate ROI for both subsidiaries. (Round answers to 2 decimal places, e.g. 15.32%.) Hazardous Waste Residential Waste ROI % %
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