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?