Eckels wares is a division of a major corporation the, Financial Accounting

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Eckels wares is a division of a major corporation the

Eckels Wares is a division of a major corporation. The following data are for the latest year of operations:

Sales $24,900,000

Net operating income $1,319,700

Average operating assets $6,000,000

The company's minimum required rate of return 12%

Required:

a. What is the division's margin?

b. What is the division's turnover?

c. What is the division's return on investment (ROI)?

d. What is the division's residual income?

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Financial Accounting: Eckels wares is a division of a major corporation the

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Financial Accounting: Eckels wares is a division of a major corporation the

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