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The divisional income statements for three divisions of the McLaren Company are shown. McLaren Company Divisional Income Statements For the Year Ending December 31, 20Y8
The divisional income statements for three divisions of the McLaren Company are shown. McLaren Company Divisional Income Statements For the Year Ending December 31, 20Y8 Division A Division B Division C Sales Revenue $1,560,000 $782,500 $504,000 Operating expenses (920,400) (586,875) (267,120) Operating income before service department charges $639,600 $195,625 $236,880 Service department charges (358,800) (67,295) (120,960) Operating income $280,800 $128,330 $115,920 Additional financial data from the three divisions of the McLaren Company are shown. Division A Division B Division C Invested assets $1,040,000 $626,000 $420,000 Calculate the return on investment for each division. If required, round the ROI to the nearest hundredth of a percent (for example, 16.943% would be rounded to 16.94%). Division A Division B Division C Return on investment % % % Feedback Divide Operating income by Invested Assets and express it as a percentage, rounded to to two decimal places. Margin and Turnover One way
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