Question
The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return 12 % Return on investment
The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
| Minimum required rate of return | 12 | % | |
| Return on investment (ROI) | 12.8 | % | |
| Sales | $ | 640,000 | |
| Turnover (on operating assets) | 4 | times | |
What was the Legume Division's net operating income last year?
Multiple Choice
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$81,920
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$20,480
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$76,800
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$5,120
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The Why And How Of Auditing Auditing Made Easy
Authors: Charles B. Hall
1st Edition
0578519739, 978-0578519739
