Essay
Gilde Industries is a division of a major corporation.Last year the division had total sales of $23,380,000,net operating income of $2,828,980,and average operating assets of $7,000,000.The company's minimum required rate of return is 12%.
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)?
Correct Answer:
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a.Margin = Net operating income 
Sales =...View Answer
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Correct Answer:
Verified
Sales =...View Answer
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Get Access to more Verified Answers free of charge
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