Gebru industries is a division of a major corporation., Ask an Expert

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Gebru Industries is a division of a major corporation. Last year the division had total sales of $12,450,000, net operating income of $1,357,050, and average operating assets of $3,000,000. The company's minimum required rate of return is 10%.

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 amount of residual income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M960310

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