Selected sales and operating data for three divisions of different structural engineering firms are given...
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Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Sales Average operating assets Net operating income Minimum required rate of return Division A $15,400,000 $ 3,080,00 $ 693,000 Division B $28,320,000 $ 7,080,000 $ 396,480 7.50% Division $25,400,000 $ 5,080,000 $ 736,600 14.50% 736,00 Required: 1. Compute the return on investment (ROI) for each division using the formula stated in terms of margin and turnover Margin Turnover ROI Division A Division B Division C
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