Gilde industries is a division of a major corporation last, Financial Accounting

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Gilde industries is a division of a major corporation last

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)?

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Financial Accounting: Gilde industries is a division of a major corporation last

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Financial Accounting: Gilde industries is a division of a major corporation last

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