The Labrador Falls Company has three divisions: A Division, B Division, and C Division. ...
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Accounting
The Labrador Falls Company has three divisions: A Division, B Division, and C Division.
| A | B | C | |||||||||
| Sales | $ | 480,000 | $ | 556,000 | ? | ||||||
| Net operating income | 70,800 | ? | $ | 27,200 | |||||||
| Residual income | ? | 44,000 | 17,000 | ||||||||
| Average Division Assets | 290,000 | 328,000 | 60,000 | ||||||||
| Cost of Capital | 15 | % | 11 | % | |||||||
| Profit Margin | 22 | % | 4 | % | |||||||
| Asset Turnover | ? | 4.0 | |||||||||
| Return on investment | 20 | % | |||||||||
What was C Division's cost of capital last year?
7.0%.
17.0%.
14.8%.
24.0%.
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