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Uper-City Corporation has two major divisions. It provides the following information for the year 2020: Sales revenue Variable costs Fixed costs Total Assets - Beginning
Uper-City Corporation has two major divisions. It provides the following information for the year 2020: Sales revenue Variable costs Fixed costs Total Assets - Beginning Total Assets - Ending Target rate of return Assembling Division $500,000 $220,000 $110,000 $350,000 $360,000 8% Painting Division $750,000 $380,000 $170,000 $450,000 $500,000 10% Requirements: 1- Calculate operating income for both divisions. 2- Calculate the following ratios for both divisions: a- Profit margin ratio. b- Asset turnover ratio. C- Return on investment (ROI). d- Residual Income
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