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Timber Tech produces environment-friendly decking material. The following information is available about the status and operations of the Manufacturing Division of Timber Tech, which
Timber Tech produces environment-friendly decking material. The following information is available about the status and operations of the Manufacturing Division of Timber Tech, which has a hurdle rate (minimum required rate of return) of 7%. Divisional identifiable average assets Divisional income from operations Divisional sales revenue $ 414,459 $ 18,848 $ 369,719 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
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