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The Walnut Division of Benton Corporation has average invested assets of $31,500,000. Sales revenue of $36,000,000 results in net operating income of $3,279,500. The hurdle

The Walnut Division of Benton Corporation has average invested assets of $31,500,000. Sales revenue of $36,000,000 results in net operating income of $3,279,500. The hurdle rate is 8.90%. Required: a. Calculate the return on investment. b. Calculate the profit margin. c. Calculate the investment turnover. d. Calculate the residual income.
Answer A-D please image text in transcribed
The Wolnut Division of Benton Corporation has average irvested assets of $31.500.000. Soles revenue of 336.000000 resuas in rim. operating income of $3,279,500. The hurdle rate is 8.90%. Required: a. Calculate the return on investment. b. Calculate the profit margin. c. Calculate the investment turnover. d. Calculate the residual income. Complete this question by entering your answers in the tabs below. Calculate the return on investment. Note: Round percentage to 2 decimals

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