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The Marine Division of Pacific Corp. has average invested assets of $120,000,000. Sales revenue of $50,230,000 results in an operating income of $9,964,000. The hurdle
The Marine Division of Pacific Corp. has average invested assets of $120,000,000. Sales revenue of $50,230,000 results in an operating income of $9,964,000. The hurdle rate is 8%. a. Calculate the return on investment percentage. (Round your answer to 2 decimal places.)
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b. Calculate the profit margin percentage. (Round your answer to 2 decimal places.) c. Calculate the investment turnover. (Round your answer to 4 decimal places.) d. Calculate the residual income.
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