Gabbe Industries is a division of a major corporation. Last year the division had total sales of $24,049,700, net operating income of
$4,641,592, and average operating assets of $8,293,000. The company's minimum required rate of return is 13%.
Gabbe Industries Is A Division Of A Major Corporation Last Year The Division Had Total Sales Of 24 049 700 Net Operat 1 (21.2 KiB) Viewed 43 times
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $24,049,700, net operating income of $4,641,592, and average operating assets of $8,293,000. The company's minimum required rate of return is 13%. Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer to 2 decimal places.) a. Margin b. Turnover c. Return on investment
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