Symbolics, Inc is a large corporation with several divisions, including Division X. Last year, Division...
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Symbolics, Inc is a large corporation with several divisions, including Division X. Last year, Division X had total sales of $23,100,000, net operating income of $4,481,400, and average operating assets of $5,500,000. The company's minimum required rate of return is 18%. Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer to 2 decimal places.)
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