Margin=Net operating income/Sales
=(2,840,438/27,311,900)
=10.4%(Approx).
Turnover=Sales/Average operating assets
=27,311,900/7,094,000
=3.85
ROI=Net operating income/Average operating assets
=(2,840,438/7,094,000)
=40.04%(Approx).
Gem Industries is a division of a major corporation. Last year the division had total sales...
Gem Industries is a division of a major corporation. Last year the division had total sales of $24,048,000, net operating income of $2,765,520, and average operating assets of $6,012,000. The company's minimum required rate of return is 17%. Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)?
2. Gabbe Industries is a division of a major corporation. Last year the division had total sales of $19,293,750, net operating income of $2,267,016, and average operating assets of $8,575,000. The company's minimum required rate of return is 20% Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer...
2. Cabell Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and average operating assets of $4,778,400. The company's minimum required rate of return is 15%. The division's margin is closest to: Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating income Average operating assets The company's minimum required rate of return $38,380,000...
Cabell Products is a division of a major corporation. Last year the division had total sales of $27,120,000, net operating income of $2,824,320, and average operating assets of $7,800,000. The company's minimum required rate of return is 10% The division's turnover is closest to
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Cabell Products is a division of a major corporation. Last year the division had total sales of $25,060,000, net operating income of $1,503,600, and average operating assets of $7,518,000. The company's minimum required rate of return is 19 % The division's margin is closest to:
Cabell Products is a division of a major corporation. Last year the division had total sales of $26,120,000, net operating income of $2,324,320, and average operating assets of $6,800,000. The company's minimum required rate of return is 15%. The division's turnover is closest to: Multiple Choice 11.24 3.84 0.34 2.28
Babak Industries is a division of a major corporation. Last year the division had total sales of $21,060,000, net operating income of $1,892,760, and average operating assets of $7,500,000 The division's turnover is closest to:
Cabell Products is a division of a major corporation. Last year the division had total sales of $26,050,000, net operating income of $1,745,350, and average operating assets of $6,512,500. The company's minimum required rate of return is 10%. The division's margin is closest to: Multiple Choice 6.7% 26.8% 67.0% 25.0%
Cabell Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating income of $2,597,140, and average operating assets of $5,708,000. The company's minimum required rate of return is 10%. The division's return on investment (ROI) is closest to: Multiple Choice 9.1% 45.5% 91.0% 20.0%