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The Marine Division of Pacific Corp. has average Invested assets of $100,000,000. Sales revenue of $50,220,000 results in an operating Income of $9,957,000. The hurdle
The Marine Division of Pacific Corp. has average Invested assets of $100,000,000. Sales revenue of $50,220,000 results in an operating Income of $9,957,000. The hurdle rate is 6%. a. Calculate the return on Investment. (Round your answer to 2 decimal places.) Return on Investment % b. Calculate the profit margin. (Round your answer to 2 decimal places.) Profit Margin % c. Calculate the investment turnover. (Round your answer to 4 decimal places.) Investment Turnover d. Calculate the residual income. Res Income
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