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Gabbe Industries Is a division of a major corporation. Last year the division had total sales of $23,867,200, net operating income of $3,078,869, and average
Gabbe Industries Is a division of a major corporation. Last year the division had total sales of $23,867,200, net operating income of $3,078,869, and average operating assets of $8,524,000. The company's minimum required rate of return is 15%. Requlred: 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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