Find out the divisions margin? determine the divisions, Ask an Expert

Accounting

Q1) Ebel Wares is a division of a major corporation. Data given below are for latest year of operations:

Sales	$29,120,000
Net Operating Income	$1,514,240
Average operating assets	$8,000,000
The company's minimum required rate of return	18%

a. Find out the division's margin?

b. Determine the division's turnover?

c. Compute the division's return on investment (ROI)?

d. Determine the division's residual income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M918112

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