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Flamengo Co is a sporting goods manufacturing. It has the following three divisions: Basketball Football Division Soccer Division Division Sales $1,250,000 Net operating income $25,000 $75,000 $36,000

Flamengo Co is a sporting goods manufacturing. It has the following three divisions: Basketball Football Division Soccer Division Division Sales $1,250,000 Net operating income $25,000 $75,000 $36,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Flamengo Co is a sporting goods manufacturing. It has the following three divisions: Basketball Football Division Soccer Division Division Sales $1,250,000 Net operating income $25,000 $75,000 $36,000 Average operating assets $300,000 Return on investment 20% 15% Margin 0.1 0.08 Turnover 1.8 Target ROI 10% 15% 12%
Transcribed Image Text:Flamengo Co is a sporting goods manufacturing. It has the following three divisions: Basketball Football Division Soccer Division Division Sales $1,250,000 Net operating income $25,000 $75,000 $36,000 Average operating assets $300,000 Return on investment 20% 15% Margin 0.1 0.08 Turnover 1.8 Target ROI 10% 15% 12%
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