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Gabbe Industries is a division of a major corporation. Last year the division had total sales of $33,667,200, net operating income of $4,679,741 and average
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $33,667,200, net operating income of $4,679,741 and average operating assets of $7,014,000. The company's minimum required rate of return is 22%. 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 (ROI)? (Round percentage your answer to 2 decimal places.) a. Margir b. Turnover c. Return on investment
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