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The Northern Division of the Kimball Company reported the following data for last year: Sales, $800,000; Shareholders' Equity, $250,000; Operating Expenses, $600,000; Average Operating Assets,
The Northern Division of the Kimball Company reported the following data for last year: Sales, $800,000; Shareholders' Equity, $250,000; Operating Expenses, $600,000; Average Operating Assets, $400,000; Interest Expense, $40,000; Minimum Required Rate of Return, 14%; Taxes Expense, $50,000; The return on investment last year for the Northern Division was
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