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4 Gabbe Industries is a division of a major corporation. Last year the division had total sales of $23,800.000, net operating income of $2,903,600, and

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4 Gabbe Industries is a division of a major corporation. Last year the division had total sales of $23,800.000, net operating income of $2,903,600, and average operating assets of $2,000,000. The company's minimum required rate of return is 16% 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 (ROT? (Round percentage your answer to 2 decimal places.) 53:31 a Margin Turnover C Return on investment

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