The following data pertain to Dakota Division's most recent year of operations. Income Sales revenue...
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The following data pertain to Dakota Division's most recent year of operations. Income Sales revenue Average invested capital $ 4,000,000 50,000,000 20,000,000 Required: Compute Dakota Division's sales margin, capital turnover, and return on investment for the year. (Round "Capital turnover" answer to 1 decimal place.) BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB Sales margin Capital turnover Return on investment Assume that the company's minimum desired rate of return on invested capital is 11 percent. Required: E Compute Dakota Division's residual income for the year. Residual income
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