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The Central division of Grayson Inc. had the following results last year: Sales $ 8.000,000 Cost of sales 1,600,000 Allocated corporate overhead 520,000 Selling expenses
The Central division of Grayson Inc. had the following results last year:
| Sales | $ | 8.000,000 | ||
| Cost of sales | 1,600,000 | |||
| Allocated corporate overhead | 520,000 | |||
| Selling expenses | 1,900,000 | |||
| Administrative expenses | 980,000 | |||
| Divisional assets | 6,400,000 | |||
| Cost of capital | 20 | % | ||
| Income tax rate | 30 | % | ||
What is the division's ROI?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
