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Find what was paper division net operating income last year

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Reference no: EM132533978

Given the following data:

Return on investment ................................. 25%

Sales ........................................................... $100,000

Average operating assets ........................... $40,000

Turnover .................................................... 2.5

Minimum required rate of return ............... 18%

Margin on sales ......................................... 10%

Required:

Question 1: Calculate the Residual Income.

The following information relates to last year's operations at the Paper Division of Germane Corporation:

Minimum required rate of return ............... 15%

Return on investment (ROI) ...................... 18%

Sales ........................................................... $810,000

Turnover (on operating assets) .................. 5 times

Question 2: What was the Paper Division's net operating income last year?

Reference no: EM132533978

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