value: 2.00 points

Given the following data:

Return on investment	30%
Turnover	2.5
Margin	9%
Sales	$250,000
Average operating assets	$75,000
Minimum required rate of return	17%

The residual income would be:

$9,750

$0

$15,750

$20,000

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3. value: 2.00 points

Cabal Products is a division of a major corporation. Last year the division had total sales of $16,260,000, net operating income of $1,040,640, and average operating assets of $3,902,400. The company's minimum required rate of return is 12%.

The division's margin is closest to:(Round your answer to 1 decimal place.)

6.4% 26.7% 53.3% 24.0%

4. value: 2.00 points

The West Division of Frede Corporation had average operating assets of $639,000 and net operating income of $103,000 in December. The minimum required rate of return for performance evaluation purposes is 17%.

What was the West Division's minimum required return in December?

$103,000 $108,630 $17,510 $126,140

5. value: 2.00 points Last year the Uptown Division of Gorcen Enterprises had sales of $300,000 and a net operating income of $24,000. The average operating assets at Uptown last year amounted to $120,000. Last year at Uptown the return on investment was: 8% 12% 20% 40%

6. value: 2.00 points The West Division of Frede Corporation had average operating assets of $700,000 and net operating income of $120,800 in December. The minimum required rate of return for performance evaluation purposes is 16%. What was the West Division's minimum required return in December? $112,000 $120,800 $131,328 $19,328

7. value: 2.00 points The West Division of Frede Corporation had average operating assets of $700,000 and net operating income of $120,800 in December. The minimum required rate of return for performance evaluation purposes is 16%. What was the West Division's residual income in December? $8,800

($19,328)

($8,800)

$19,328