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The following information relates to last year's operations at the Legumes Division of Gervani ...

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The following information relates to last year's operations at the Legumes Division of Gervani ...

The following information relates to last year's operations at the Legumes Division of Gervani Corporation:

Minimum required rate of return	12%
Return on investment (ROI)	15%
Sales	$ 900,000
Turnover (on operating assets)	3	times

What was the Legume Division's net operating income last year?

▸ $108,000

▸ $135,000

▸ $36,000

▸ $45,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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