Big Sky Industries Is a Division of a Major Corporation

Essay

Big Sky Industries is a division of a major corporation.The following data are for the latest year of operations: $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 24,900,000 \\\hline \text { Net operating income } & \$ 1,319,700 \\\hline \text { Average operating assets } & \$ 6,000,000 \\\hline \begin{array} { l } \text { The company's minimum required rate of } \\\text { return }\end{array} & 12 \% \\\hline\end{array}$$
Required:
a.What is the division's margin?
b.What is the division's turnover?
c.What is the division's return on investment (ROI)?
d.What is the division's residual income?