Business, 11.05.2021 19:50 lucygperez4099

Watkins Associated Industries is a highly diversified company with three divisions: Trucking, Seafood, and Construction. Assume that the company uses return on investment and residual income as two of the evaluation tools for division managers. The company has a minimum desired rate of return on investment of 10 percent with a 30 percent tax rate. Selected operating data for three divisions of the company follow. Trucking Division Sea food Division Construction Division
Sales $1,300,000 $870,000 $900,000
Operating assets 650,000 290,000 360,000
Net operating income 101,000 52,000 62,000

Required:
a. Compute the return on investment for each division.
b.

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Watkins Associated Industries is a highly diversified company with three divisions: Trucking, Seafoo...

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