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Thompson Ltd

Question 76

Essay

Thompson Ltd. has a division that generated $7,500,000 in sales and operating income of $1,500,000 on average operating assets of $3,500,000. The company's management team expects division managers to generate sufficient income to guarantee a minimum return of 20 percent.
Required:
Thompson Ltd. has a division that generated $7,500,000 in sales and operating income of $1,500,000 on average operating assets of $3,500,000. The company's management team expects division managers to generate sufficient income to guarantee a minimum return of 20 percent. Required:

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