TB Problem Qu. 11-247 (Algo) Gabbe Industries is a division of a major...

Gabbe Industries is a division of a major corporation. Last year the division had total sales of $24,048,000, net operating income of $2,765,520, and average operating assets of $6,012,000. The company's minimum required rate of return is 17%.

Required:

a. What is the division's margin? (Round your percentage answer to 2 decimal places.)

b. What is the division's turnover? (Round your answer to 2 decimal places.)

c. What is the division's return on investment (ROI)? (Round percentage your answer to 2 decimal places.)

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TB Problem Qu. 11-247 (Algo) Gabbe Industries is a division of a major... Gabbe Industries is a division of a major corporation. Last year the division had total sales of $24,048,000, net operating income of $2,765,520, and average operating assets of $6,012,000. The company's minimum required rate of return is 17% Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer to 2 decimal places.) 22 a Margin b. Turnover G. Return on investment %