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Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return

Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income $ Division A ? $ 550,000 ? 40% Division A 1,760,000 Required: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 10 percent. Note: Round "Capital turnover" answers to 2 decimal places. 22 % 1.00 % 1 ? ? $ $ $ Division B $ 12,000,000 $ 2,090,000 $ 2,560,000 Division B 41,500,000 8,300,000 10,375,000 % % ? ? ? ? $ Division C ? ? ? 45% ? 30% $ 122,000 Division C 25 % 22 % 510,000
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Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Required: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on investec capital is 10 percent. Note: Round "Capital turnover" answers to 2 decimal places

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