Question

Gabbe Industries is a division of a major corporation. Last year the division had total sales of $31,098,000, net operating income of $4,509,210, and average operating assets of $8,760,000. The company's minimum required rate of return is 20%. Required: a. What is the division's margin

Answer 1

I. 14.50%

II. 3.55

III. 51.48%

Step-by-step explanation:

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