Question: Question Completion Status: QUESTION 16 Paint Industries is a division of a major corporation. Last year the division had total sales of $18,000,000; net operating

Question Completion Status: QUESTION 16 Paint Industries is a division of a major corporation. Last year the division had total sales of $18,000,000; net operating income of $3,600,000; and average operating assets of $9,000,000. Question 1. The division's margin is closest to? . Question 2. The division's turnover is closest to? Question 3. The division's return on investment (ROI) is closest to? e QUESTION 17 Oregano Division of Spice Industries had average operating assets of $435,000 and net operating income of $55,750. The company uses residual income, with a minimum required rate of return of 12%, to evaluate the performance of its divisions. What was Oregano Division's residual income? A. ($6,690) B. $6,690 C. ($3,550) D. $3,550

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