FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Pharoah Corporation's Cajun Spice division has a segment margin is $434200 for the current reporting period. The division has an
asset turnover of 3.1. Segment margin as a percentage of sales is 10%. What is the division's ROI?
O 31%
O 10%
O 21%
O The answer cannot be determined from the information given.
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Transcribed Image Text:Pharoah Corporation's Cajun Spice division has a segment margin is $434200 for the current reporting period. The division has an asset turnover of 3.1. Segment margin as a percentage of sales is 10%. What is the division's ROI? O 31% O 10% O 21% O The answer cannot be determined from the information given.
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