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The following information is available about the status and operations of the Manufacturing Division of Oakland Company, which has a hurdle rate (minimum required rate

The following information is available about the status and operations of the Manufacturing Division of Oakland Company, which has a hurdle rate (minimum required rate of return) of 7%.

Divisional identifiable average assets $ 412,548
Divisional income from operations $ 21,620
Divisional sales revenue $ 365,726

a. Compute the ROI for the Manufacturing Division. (Round your answer to 1 decimal place.)

b. Break the Manufacturing Division ROI down using the DuPont formula. (Round your answers to 2 decimal places.) c. Compute the residual income for the Manufacturing Division. (Negative amounts should be indicated by a minus sign. Round your answer to the nearest dollar amount.) image text in transcribed

The following information is available about the status and operations of the Manufacturing Division of Oakland Company, which has a hurdle rate (minimum required rate of return) of 7%. Divisional identifiable average assets Divisional income from operations Divisional sales revenue $ 412,548 $ 21,620 $365,726 a. Compute the ROI for the Manufacturing Division. (Round your answer to 1 decimal place.) Return on Investment % b. Break the Manufacturing Division ROI down using the DuPont formula. (Round your answers to 2 decimal places.) Manufacturing Division ROI Profit Margin Investment Turnover % c. Compute the residual income for the Manufacturing Division. (Negative amounts should be indicated by a minus sign. Round your answer to the nearest dollar amount.) Residual Income

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