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Eacher Wares is a division of a major corporation. The following data are for the latest year of operations: Sales $14,720,000 Net operating income $
Eacher Wares is a division of a major corporation. The following data are for the latest year of operations:
Sales | $14,720,000 |
Net operating income | $ 1,000,960 |
Average operating assets | $ 4,000,000 |
The company's minimum required rate of return | 14% |
Required: a. What is the division's margin? (Enter your answer rounded to 2 decimal places.)
b. What is the division's turnover? (Enter your answer rounded to 2 decimal places.)
c. What is the division's return on investment (ROI)? (Enter your answer rounded to 3 decimal places.)
d. What is the division's residual income?
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