Business Accounting questions. Thank you for your help! Use the following...
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Business Accounting questions. Thank you for your help!
Use the following information for questions 27-31: Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. 27) The division's margin is closest to: A) 5.8% B) 14.6% C) 45.6% D) 39.8% 28) The division's turnover is closest to: A) 0.15 B) 2.19 C) 2.51 D) 17.24 h fhinrtim on livesn R s dost to. A) 0.9% B) 14.6% C) 4.1% D) 36.6% 30) The division's residual income is closest to: A) $22,320 B) $1,142,320 C) S(823,280) D) $582,320 31) If Cabal Products Division would like to invest in new equipment for $1,050,000, which would earn net operating income of $156,000, the new total residual income would be: A) $9,000 B) $31,320 C) $13,320 D) $11,430
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