The following data pertain to three divisions of Nevada Aggregates, Inc. The companys required rate...
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Accounting
The following data pertain to three divisions of Nevada Aggregates, Inc. The companys required rate of return on invested capital is 8 percent. (Round "Capital turnover" answers to 2 decimal places.)
Division A
Division B
Division C
Sales revenue
$8,700,000
$41,400,000
Income
$1,740,000
$8,280,000
Average investment
$8,700,000
$10,350,000
Sales margin
20
%
%
25
%
Capital turnover
1.00
ROI
20
%
%
20
%
Residual income
$507,000
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