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Handle Fabrication is a division of a major corporation. Last year the division had total sales of $36,160,000, net operating income of $2,892,800, and average operating assets of $8,000,000. The company's minimum required rate of return is 12%.
Required:
What is the division's return on investment (ROI)?
Coordination
The organization of different elements or activities in a way that enables them to work together efficiently and effectively.
Necessary Information
The essential data or facts required to make informed decisions or carry out specific tasks effectively.
Task-oriented
Refers to an approach or style focused primarily on accomplishing specific tasks or goals, often emphasizing efficiency and practical outcomes.
Internal Efficiency
A measure of how effectively an organization utilizes its resources to produce outputs.
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