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Gaal Industries is a division of a major corporation. Last year the division had total sales of $26,110,000, net operating income of $1,801,590, and average
Gaal Industries is a division of a major corporation. Last year the division had total sales of $26,110,000, net operating income of $1,801,590, and average operating assets of $7,000,000. The company's minimum required rate of return is 18%. Required: a. What is the division's margin? b. What is the division's turnover? c. What is the division's return on investment (ROI)?
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