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Ash wares is a division of a major corporation the

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

Sales $38,000,000

Net Operating Income $2,800,000

Average Operating Assets $15,000,000

The company's minimum required rate of return 20%

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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Accounting Basics: Ash wares is a division of a major corporation the

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Accounting Basics: Ash wares is a division of a major corporation the

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