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Jest Industries is a division of a major corporation. Last year the division had total sales of $33,667,200, net operating income of $4,679,741, and...

Jest Industries is a division of a major corporation. Last year the division had total sales of $33,667,200, net operating income of $4,679,741, and average operating assets of $7,014,000. The company's minimum required rate of return is 22%.

 

Required:

a. What is the division's margin? (Round your answer to 2 decimal places.)



b. What is the division's turnover? (Round your answer to 2 decimal places.)


 

c. What is the division's return on investment (ROI)? (Round your answer to 2 decimal places.)

Top Answer

Division's margin= (Net Operating income / Total sales) x 100                              =... View the full answer

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Answer for divisions Margin =... View the full answer

a)      division's margin for the last year Division margin= (Net operating income/ total sales) *100... View the full answer

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