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What is the divisions roi

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Reference no: EM13540016

Ferro Wares is a division of a major corporation. The following data are for the latest year of operations.

Sales

$33,040,000

Net Operating Income

$1,453,760

Average Operating Assets

$8,000,000

The company's minimum required rate of return

18%

Required:

i. What is the division's ROI?

ii. What is the division's residual income?

Reference no: EM13540016

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