FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

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

image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information For Decisions
Accounting Information For Decisions

Authors: Robert Ingram, Thomas L. Albright, Bruce A. Baldwin, John Hill

1st Edition

0538815388, 978-0538815383

More Books

Students explore these related Accounting questions

Question

A 9.40 kg projectile is fired vertically upward. Air drag decreases the mechanical energy of the projectile-Earth system by 68.0 kJ during the projectile's ascent. How much higher would the...

Answered: 3 weeks ago

Question

1. What are the advantages and disadvantages of publishers or other employers outsourcing to third world countries? 2. What changes, if any, would you suggest to the publisher to better serve their...

Answered: 3 weeks ago

Question

The current chapter reviewed several potential moderators of the job satisfactionjob performance relation. These moderators include a number of situational factors. What other factors not discussed...

Answered: 3 weeks ago

Question

When the records of Debra Hanson Corporation were reviewed at the close of 2015, the errors listed below were discovered. For each item, indicate by a check mark in the appropriate column whether the...

Answered: 3 weeks ago

Question

Problem 6-39 (LO. 3) Fynn incurred and paid the following expenses during 2020: Classify the following expenses as "Deductible" or "Not deductible". $50 for a ticket for running a red light while he...

Answered: 3 weeks ago

Question

Test if age moderates the relationship between tendency to gossip and personality (Data1). Perform the interaction analysis. Test if advertising mediates the relationship between products' features...

Answered: 3 weeks ago

Question

Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $215,000. He sold the home on January 1, 2023, for $242,900. How much gain must Troy recognize on his home sale in...

Answered: 3 weeks ago

Question

6. Assume the following HFC corporate bond trades on the GSE has a face value of GH1000 Bond HFC 9s29 Current yield ? Volume 500 Close 10512 Net change -14 a. How much does this bond pay every six...

Answered: 3 weeks ago

Question

Propose THREE upgrading solutions for the HQ (minimum FIVE floors). Your proposal MUST be based on upgrading the existing HQ network infrastructure you have discussed above. Provide detail...

Answered: 3 weeks ago

Question

How could you use social media such as the company's Facebook page, its official blog, and the blogs and pages of individual departments and employees to collect information that would potentially be...

Answered: 3 weeks ago

Question

. As one of the Botho students, who has done standard costing as one of the topics in the Cost Accounting module, you have been invited to come and table a discussion on possible causes of variances...

Answered: 3 weeks ago

Question

1 What are the three primary aspects of strategic management according to Johnson et al. (2008)?

Answered: 3 weeks ago

Question

2 Explain the key differences between the prescriptive and descriptive schools of strategy.

Answered: 3 weeks ago

Question

1 Do you think the nationality of the organisation makes a difference to the way HRM is, or should be, practised? Microsoft India Corporation Ltd was set up in 1990 with headquarters in the city of...

Answered: 3 weeks ago

Previous Question Next Question