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Gabbe Industries is a division of a major corporation. Last year the division had total sales of $23,822,500, net operating income of $2,715,765, and average
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $23,822,500, net operating income of $2,715,765, and average operating assets of $9,529,000. The company's minimum required rate of return is 18%.
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.)
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