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One division of a company has reported the following operating results for the year just ended: Sales Operating income Average operating assets $ 690,000 55,200
One division of a company has reported the following operating results for the year just ended: Sales Operating income Average operating assets $ 690,000 55,200 552,000 Required: 1. Compute the margin percentage, turnover, and ROI for this division. (Round your intermediate calculations to 2 decimal places. Round "Margin" answer to whole number and other answers to 2 decimal places.) Margin percentage % Turnover ROI % 2. If management sets a minimum required rate of return on average operating assets of 8%, what is the RI for this division for the year? RI 3. This part of the question is not part of your Connect assignment
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