Question
Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,800,000, net operating income of $2,903,600, and average
Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,800,000, net operating income of $2,903,600, and average operating assets of $7,000,000. The company's minimum required rate of return is 16%. |
Required: | |
a. | What is the division's margin? (Round your answer to 2 decimal places. Omit the "%" sign in your response.) |
Margin | % |
b. | What is the division's turnover? (Round your answer to 2 decimal places.) |
Turnover |
c. | What is the division's return on investment (ROI)? (Round you intermediate calculations and final answers to 2 decimal places. Omit the "%" sign in your response.) |
Return on investment | % please respond asap |
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