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The Following Information Relates to Last Year's Operations at the Legumes

Question 106

Multiple Choice

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)  15% Sales $900,0000 Turnover (on operating assets)  3 times \begin{array}{lc}\text { Minimum required rate of return } & 12 \% \\\text { Return on investment (ROI) } & 15 \% \\\text { Sales } & \$ 900,0000 \\\text { Turnover (on operating assets) } & 3 \text { times }\end{array} What was the Legume Division's net operating income last year?


A) $108,000
B) $135,000
C) $36,000
D) $45,000

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