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Keenan Motor Industries is a division of a Davidson Motorcycle Corp. Last year the Keenan division had total sales of $24,049,700, net operating income of
Keenan Motor Industries is a division of a Davidson Motorcycle Corp. Last year the Keenan division had total sales of $24,049,700, net operating income of $4,641,592, and average operating assets of $8,293,000. The company's minimum required rate of return is 13%. Required: a. What is the Keenan division's margin? (Round your answer to 2 decimal places.) Division's Margin % b. What is the Keenan division's turnover? (Round your answer to 2 decimal places.) Division Turnover c. What is the Keenan division's return on investment (ROI)? (Round your answer to 2 decimal places.) Return on Investment (ROI) %
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