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Austin Company Austin Company Has Established a Target Rate of Return of Return

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Austin Company
Austin Company has established a target rate of return of 15% for all divisions.For the most recent year,Waterloo Division generated sales of $12,000,000 and expenses of $9,000,000.Total assets at the beginning of the year were $7,000,000 and total assets at the end of the year were $9,000,000.
Refer to Austin Company.For the most recent year,what was Waterloo Division's return on investment?

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Definitions:

Truth Values

The attribution of truth to the propositions in logic, typically categorized as either true or false.

Short Form Truth Table

A concise version of a truth table that focuses on determining the validity of an argument by examining only the essential truth values that would prove the argument invalid if any exist.

Atomic Sentences

Simplest statements that do not contain any logical connectives or only have a single predicate, often corresponding to a single fact or proposition.

Truth Values

The validity status of a statement, which can be either true or false in classical logic.

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