The following information relates to last year's operations at the Legumes Division of Gervani Corporation:

Minimum required rate of return		11	%
Return on investment (ROI)		14.4	%
Sales	$	970,000
Turnover (on operating assets)		6	times

What was the Legume Division's net operating income last year?

Multiple Choice

• $139,680

• $106,700

• $32,980

• $23,280

Chavin Company had the following results during August: net operating income, $250,000; turnover, 5; and ROI 19%. Chavin Company's average operating assets were:

Multiple Choice

• $1,315,789

• $1,250,000

• $50,000

• $47,500