
Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
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Transcribed Image Text:The Meridian Division's operating data for
the year 2021 is as follows:
.
Return on investment = 13.5%
.
•
Minimum required rate of return = 9.5%
Average net operating assets = $750,000
Sales
$2,500,000
Compute the margin for 2021.
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