The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum...
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
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$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
Homework Answers
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The following information relates to last year's operations at
the Legumes Division of Gervani Corporation:
Minimum...
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