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10 April, 19:43

Dallas Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,080,000 Net operating income $ 3,108,960 Average operating assets $ 8,600,000 The company's minimum required rate of return 16 % The division's margin used to compute ROI is closest to:

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  1. 10 April, 20:25
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    The division's margin used to compute ROI is closest to 9.7% (approximately)

    Explanation:

    Margin=net operating income/sales

    = (3, 708,960/38, 280,000)

    =9.7% (approximately)
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