Solved: The following information pertains to three divisions of, Accounting Basics

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The following information pertains to three divisions of

Problem - The following information pertains to three divisions of Marine Industrial Coatings, Inc. (amounts in millions):

Chemical Retail Paint Industrial

Sales $26,000 $60,000 $200,000

Operating Income $8,000 $36,000 $60,000

Investment $300,000 $600,000 $2,000,000

What is the return on investment for the Chemical Division?

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Accounting Basics: The following information pertains to three divisions of

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