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The profit margin for Division L is 8% and the investment turnover is 1.50. What is the rate of return on investment for Division L? a. 10.5% b. 11.0% c. 12.0% d. 12.5%

The profit margin for Division L is 8% and the investment turnover is 1.50. What is the rate of return on investment for Division L? a. 10.5% b. 11.0% c. 12.0% d. 12.5%

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 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
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What is the rate of return on investment for Division L on these financial accounting question?

The profit margin for Division L is 8% and the investment turnover is 1.50. What is the rate of return on investment for Division L? a. 10.5% b. 11.0% c. 12.0% d. 12.5%
Transcribed Image Text:The profit margin for Division L is 8% and the investment turnover is 1.50. What is the rate of return on investment for Division L? a. 10.5% b. 11.0% c. 12.0% d. 12.5%
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