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Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average

Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average operating assets of $7,000,000. The company's minimum required rate of return is 12%.


Required:

a.

What is the division's margin? (Round your answer to 1 decimal place. Omit the "%" sign in your response.)


Margin %


b.

What is the division's turnover? (Round your answer to 1 decimal place.)


Turnover


c.

What is the division's return on investment (ROI)? (Round you intermediate calculations and final answers to 1 decimal place. Omit the "%" sign in your response.)


Return on investment %

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