Marcy Miller, a divisional manager, is evaluated based on return on investment. In the last quarter her

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Marcy Miller, a divisional manager, is evaluated based on return on investment. In the last quarter her division achieved a 12% margin and a 15% return on investment. The division had $3,000,000 in operating assets that quarter.

Required

a. What was the division's sales revenue for the quarter?

b. What was the division's net operating income for the quarter?

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Managerial Accounting

ISBN: 978-1118338445

2nd edition

Authors: Charles E. Davis, Elizabeth Davis

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Question Posted: Feb 21, 2014 03:42 AM

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Marcy Miller, a divisional manager, is evaluated based on return on investment. In the last quarter her

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a Using the DuPont Model of return on investment ...View the full answer

Managerial Accounting

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