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What is magnetic imaging division residual income for year

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Reference no: EM132692319

The Magnetic Imaging Division of Medical Diagnostics, Inc., has reported the following results for last year's operations:

Sales 25,000,000
Net Operating Income 3,000,000
Average Operating Assets 10,000,000

Required:

Question 1. Compute the Magnetic Imaging Division's margin, turnover and ROI.

Question 2. Top management of Medical Diagnostics, Inc., has set a minimum required rate of return of return on average operating assets at 25%. What is the Magnetic Imaging Division's residual income for the year?

 

Reference no: EM132692319

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