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bioboy12 bioboy12
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9 months ago

Gabbe Industries is a division of a major corporation. Last year the division had total sales of $8,910,000, net operating income of $962,280, 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)?

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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raouldukraoulduk
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9 months ago
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bioboy12 Author
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9 months ago
Correct Slight Smile TY
spaghetti
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mikey3091
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2 hours ago
Brilliant ツ
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