Shalom Company's Peace Department had the following information last year Minimum required rate of return 18% Average operating assets Traceable fixed expenses Variable expenses Sales 2,000,000 90,000 310,000 1,000,000 What was Peace Department's return on investment?

Shalom Company's Peace Department had the following information last year Minimum required rate of return 18% Average operating assets Traceable fixed expenses Variable expenses Sales 2,000,000 90,000 310,000 1,000,000 What was Peace Department's return on investment?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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Question

Shalom Company's Peace Department had the following information last year
Minimum required rate of return
18%
Average operating assets
Traceable fixed expenses
Variable expenses
Sales
2,000,000
90,000
310,000
1,000,000
What was Peace Department's return on investment?

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