Solution-What is the divisions roi

What is the divisions roi

Reference no: EM13540016

Ferro Wares is a division of a major corporation. The following data are for the latest year of operations.

Sales	$33,040,000
Net Operating Income	$1,453,760
Average Operating Assets	$8,000,000
The company's minimum required rate of return	18%

Required:

i. What is the division's ROI?

ii. What is the division's residual income?

Reference no: EM13540016

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What is the divisions roi

Reference no: EM13540016

Reference no: EM13540016

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