Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income Division A ? Division B Division C $ 10,000,000 ? $ 480,000 $ 2,160,000 ? ? $ 2,570,000 ? 20% ? 25% 2 ? ? ? ? 20% ? ? $ 127,000 PR 13-37 (Algo) ROI and Residual Income; Missing Data (LO 13-2) Required: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Note: Round "Capital turnover" answers to 2 decimal places. Division A Division B Division C Sales revenue $ 41,100,000 Income $ 1,710,000 $ 8,220,000 Average investment $ 10,275,000 Sales margin 20 % % 25 % Capital turnover ROI Residual income 1.00 % % 20% $ 495,000
Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income Division A ? Division B Division C $ 10,000,000 ? $ 480,000 $ 2,160,000 ? ? $ 2,570,000 ? 20% ? 25% 2 ? ? ? ? 20% ? ? $ 127,000 PR 13-37 (Algo) ROI and Residual Income; Missing Data (LO 13-2) Required: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Note: Round "Capital turnover" answers to 2 decimal places. Division A Division B Division C Sales revenue $ 41,100,000 Income $ 1,710,000 $ 8,220,000 Average investment $ 10,275,000 Sales margin 20 % % 25 % Capital turnover ROI Residual income 1.00 % % 20% $ 495,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answer must be in table format or i will give down vote
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