Estes Company has assembled the following data for its divisions for the past year:
Question 104
Question 104
Multiple Choice
Estes Company has assembled the following data for its divisions for the past year: Average Operating Assets Sales Operating Income Turnover Margin Minimum Required Rate of Return Residual Income Division A $500,000?$100,0001.25?14%? Division B ?$520,000$20,30043.9%?$6,000 -What were Division B's average operating assets rounded to the nearest dollars?
A) $81,200. B) $130,128. C) $1,333,333. D) $2,080,000.
Correct Answer:
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