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The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return 6 % Return on investment
The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
| Minimum required rate of return | 6 | % | |
| Return on investment (ROI) | 7.8 | % | |
| Sales | $ | 840,000 | |
| Turnover (on operating assets) | 2 | times | |
What was the Legume Division's net operating income last year?
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$65,520
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$15,120
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$32,760
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$50,400
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