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Question - Advanced Electronics has two separate, but related, divisions: digital video and analogue video. The digital video division has sales of $800,000, net operating income of $80,000, and average operating assets of $1 million.
Required: If required, round your margin answer to a whole percent and the turnover answer to one decimal place. Do not round your intermediate calculations. Omit using a percent sign as part of your answer.
a. What is the digital division's margin and turnover?
b. What is the ROI for the digital division?
Korman Company has the following securities in its portfolio of trading equity securities on December 31, 2010: Prepare the general journal entries for Korman
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