Dacker 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: Multiple Choice 31.6% 36.2% 23.2% 8.4%
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales$37,080,000 Net ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is based on the philosophy that a product's market growth rate and its market share are important considerations in determining marketing strategy? a. mission-goal matrix b. market growth/market share matrix c.
Answers (1)
First National Bank charges 11.1 percent compounded monthly on its business loans. First United Bank charges 11.3 percent compounded semiannually. Calculate the EAR for each bank.
Answers (1)
Maria, an engineer, has an adjusted gross income of $167,000 before considering the following losses. The passive activity rules disallow the deduction for the loss in which of the following? I.
Answers (1)
In the product market
Answers (1)
Under the CAPM, the required rate of return on a firm's common stock is determined only by the firm's market risk.
Answers (1)
New Questions in Business
What happens to the price and the quantity bought and sold in the market for ice cream if the local dairy farm faces a milk shortage and the newspaper publishes a report on the health benefits of a dairy-free diet
Answers (1)
According to the New York Times, during the mortgage crisis real estate brokers had an incentive to steer borrowers to higher-cost loans.
Answers (1)
Mark is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the cabinet for $360.
Answers (1)
During the taking of its physical inventory on December 31, Almond Supplies Company incorrectly counted its inventory as $545,000 instead of the correct amount of $554,000.
Answers (1)
When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income?1) Bad debts expense. 2) Decrease in income taxes payable. 3) Depreciation expense.
Answers (1)