Acc505 Managerial Accounting: (TCO D) Cuisine Master is a division of a major corporation

Acc505 Managerial Accounting
Week 6

(TCO D) Cuisine Master is a division of a major corporation. The following data are for the latest year of operations.
Sales $30,000,000
Net Operating income $1,170,000
Average operating assets $8,000,000
The company's minimum required rate of return 18%

Required:
i. What is the division's margin?
ii. What is the division's turnover?
iii. What is the division's ROI?
iv. What is the division's residual income?
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