FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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? b. What is the division's turnover? c. What is the division's return on investment (RO)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Manag Acct Ed7 Sg M1 M13

Financial And Manag Acct Ed7 Sg M1 M13

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

7th Edition

0324054610, 978-0324054613

More Books

Students also viewed these Accounting questions

Question

★★★★★
Given the data in Table 16S-3, what is the probability that the project will be completed in 32 days or less? What is the probability that the project will take longer than 32 days? Task Best Case...

Answered: 1 week ago

Question

★★★★★
Learn their reputation. Do they have a pattern of being competitive or cooperative in past negotiations?

Answered: 1 week ago

Question

★★★★★
What implications for managerial spans of control can be expected as organizations downsize? What additional managerial competencies might be required of leaders who remain in a downsized...

Answered: 1 week ago

Question

★★★★★
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...

Answered: 1 week ago

Question

★★★★★
Apple is considering a replacement machine that has a cost of $25,000. The new machine will permit output expansion, so annual revenues are estimated at $5,000 during its operating period. The new...

Answered: 1 week ago

Question

★★★★★
name six of the components within the 1911 platform, describe their function, and identify the step(s) of the cycle of operations in which each component plays an active role.

Answered: 1 week ago

Question

★★★★★
Swifty Company reported net sales of $549000, net income of $70100, beginning total assets of $241000, and ending total assets of $369000. What was the company's asset turnover? 2.28 times O 0.56...

Answered: 1 week ago

Question

★★★★★
The stage of the selling process offers a prime opportunity for salespeople to solidify customer relationships through great service quality. O generating and qualifying leads O follow-up sales...

Answered: 1 week ago

Question

★★★★★
Increasing the weight of a thrust producing aircraft moves all points on the thrust required curve ____________. a. up and to the left b. up and to the right c. down and to the right d. down and to...

Answered: 1 week ago

Question

★★★★★
4. -/1 points SEssCalcET2 9.4.025. Find the area of the region that lies inside both curves. r = sin 20, r = cos 20 Submit Answer Save Progress

Answered: 1 week ago

Question

★★★★★
4. Explain how understanding intercultural communication can facilitate resolution of intercultural conflict.

Answered: 1 week ago

Question

★★★★★
3. Describe how global and domestic economic conditions influence intercultural relations.

Answered: 1 week ago

Question

★★★★★
2. Describe how technology can impact intercultural interaction.

Answered: 1 week ago

Previous Question Next Question