Problem 13-37 ROI and Residual Income; Missing Data (LO 13-2) Required: The following data pertain...
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Problem 13-37 ROI and Residual Income; Missing Data (LO 13-2) 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 C Division A Division B Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income $ 1,650,000 $ 8,505,000 201% 94 21% 94 25 % 1.00 4.00 201 % $ 483,000
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