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Gabbe Industries is a division of a major corporation. Last year the division had total sales of ...

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Gabbe Industries is a division of a major corporation. Last year the division had total sales of ...

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?

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

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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