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Use the following information to answer Question. The Furniture Division of Waverly Company reports the following results for 2012: Revenues $400,000 Operating Exp. $360,000 Operating
Use the following information to answer Question. The Furniture Division of Waverly Company reports the following results for 2012:
Revenues $400,000
Operating Exp. $360,000
Operating Income $40,000
Operating Assets $500,000 Waverly Company has set a target return on investment (ROI) of 12% for the Furniture Division. Based on the information provided for Furniture, calculate its margin and turnover for 2012, and then use these amounts to calculate ROI.
A. | 7%. |
B. | 10%. |
C. | 6%. |
D. | 8%. |
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