Return on investment last year for the Northern Division
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The Northern Division of the Kimball Company reported the following data for last year:
Sales 800,000
Operating expenses 690,000
Stockholders' equity 250,000
Average operating assets 400,000
Minimum required rate of return 14%
Reference: 12-10
The return on investment last year for the Northern Division was:
50%
44%
27.5%
80%
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Solution Summary
This provides the steps to calculate the return on investment last year for the Northern Division
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