Question
The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return 14% Return on investment (ROI).
The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
Minimum required rate of return 14%
Return on investment (ROI). 16.5%
Sales$ 970,000
Turnover (on operating assets). 5 times
What was the Legume Division's net operating income last year?
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Payroll Accounting 2018
Authors: Jeanette Landin, Paulette Schirmer
4th edition
1260005127, 1259742514, 1260005165, 126000516X, 978-1259742514
