Question: . Required information Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required

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Required information Use the following information for the Problems below: The following

Required information Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income Division A ? Division B Division C $ 11,000,000 ? $ 510,000 $ 2,120,000 ? ? $ 2,630,000 ? 40% ? 45% 3 ? ? ? 30% ? ? $ 136,000 Required: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 6 percent. Note: Round "Capital turnover" answers to 2 decimal places. Division A Division B Division C Sales revenue Income $ 40,800,000 $ 1,710,000 $ 8,160,000 Average investment $ 10,200,000 Sales margin 18 % % 20 % Capital turnover 1.00 ROI % Residual income % 18 % $ 501,000

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