Question
The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return 5 % Return on investment
The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
|
|
| |||
| Minimum required rate of return |
| 5 | % | |
| Return on investment (ROI) |
| 6.9 | % | |
| Sales | $ | 780,000 |
| |
| Turnover (on operating assets) |
| 3 | times | |
What was the Legume Division's net operating income last year?
$17,940
$14,820
$53,820
$39,000
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
3rd Canadian Edition
017689859X, 9780176898595
