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Daab Product is a division of a major corporation. The following data in the table are for the most recent year of operations. Sales Net operating income Average operating assets $11,520,000 $322,560 $3,000,000 The company's minimum required rate of return 10% The division's turnover use to compute ROI is closest to: (a) 0.11 • (b) 3.47 • (c) 3.84 (d) 35.71

Daab Product is a division of a major corporation. The following data in the table are for the most recent year of operations. Sales Net operating income Average operating assets $11,520,000 $322,560 $3,000,000 The company's minimum required rate of return 10% The division's turnover use to compute ROI is closest to: (a) 0.11 • (b) 3.47 • (c) 3.84 (d) 35.71

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 16E
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Daab Product is a division of a major corporation. The following data in the table are for the most recent year of operations. Sales Net operating income Average operating assets $11,520,000 $322,560 $3,000,000 The company's minimum required rate of return 10% The division's turnover use to compute ROI is closest to: (a) 0.11 • (b) 3.47 • (c) 3.84 (d) 35.71
Transcribed Image Text:Daab Product is a division of a major corporation. The following data in the table are for the most recent year of operations. Sales Net operating income Average operating assets $11,520,000 $322,560 $3,000,000 The company's minimum required rate of return 10% The division's turnover use to compute ROI is closest to: (a) 0.11 • (b) 3.47 • (c) 3.84 (d) 35.71
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