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The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 750,000 Net operating income $ 45,000 Average operating assets $ 250,000
The following data are for the Akron Division of Consolidated Rubber, Inc.:
Sales | $ | 750,000 |
Net operating income | $ | 45,000 |
Average operating assets | $ | 250,000 |
Stockholders' equity | $ | 75,000 |
Residual income | $ | 15,000 |
For the past year, the margin used in ROI calculations was:
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