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Gabbe Industries is a division of a major corporation. Last year the division had total sales of $24,040,500, net operating income of $3,726,278, and average
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $24,040,500, net operating income of $3,726,278, and average operating assets of $7,755,000. The company's minimum required rate of return is 18%.
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $24,040,500, net operating income of $3726,278, and average operating assets of$7755,000. The company's minimumre ired ateof return islam 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 (ROl)? (Round percentage your answer to 2 decimal places.) a. Margin b. Turnover c. Return on investmentStep by Step Solution
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