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Proble
Wares is a division of a major corporation. The following data are for the latest year of operations.
Sales Net $50,000,000Operating Income $3,200,00Average Operating Assets $10,000,000The company's minimum required rate of return 15%
Required:
i. What is the division's margin?ii. What is the division's turnover?iii. What is the division's ROI?iv. What is the division's residual income?
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