The Marine Division of Pacific Corp.has average invested assets of $110,000,000.Sales revenue of $50,250,000 results in an operating income of $9,967,000.The hurdle rate is 7%.
a.Calculate the return on investment.
b.Calculate the profit margin.
c.Calculate the investment turnover.
d.Calculate the residual income.
Correct Answer:
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b.19.8...
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