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Required: The following data pertain to three divisions of Nevada Aggregates, Inc. The company’s required rate...

Required:

The following data pertain to three divisions of Nevada Aggregates, Inc. The company’s required rate of return on invested capital is 8 percent. (Round "Capital turnover" answers to 2 decimal place.)

Division A Division B Division C
Sales revenue
Income $1,660,000 $8,932,000
Average investment
Sales margin 20 % 22 % 25 %
Capital turnover 1.00 4.00
ROI % % 20 %
Residual income $492,000

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ekkarill92 answered 1 year ago
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