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Zoe's, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available
Zoe's, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year:
i Data Table Residential Net Sales Revenue Operating Income Average Total Assets 530.000 $ 67.320 $ 198.000 1.040.000 163 180 Professional Management has a 25% target rate of return for each division. Done 12.70 % 1 Requirements 1. 2. Calculate each division's ROI. Round all of your answers to four decimal places Calculate each division's profit margin ratio. Interpret your results. Calculate each division's asset turnover ratio. Interpret your results. Use the expanded ROI formula to confirm your results from Requirement 1. What can you conclude? 4. Print Done
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