I\'m having a time with the margin I compute net operating income over sales and

Question

I'm having a time with the margin I compute net operating income over sales and still the program want take it. For div A, I get 0.059, for B, 0.099; and C, 0.0315.

Compute the return on investment (ROI) for each division, using the formula stated in terms of margin and turnover. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Division A        Division B      Division C       Sales $ 6,800,000 $ 10,800,000 $ 9,900,000    Average operating assets $ 1,360,000 $ 2,700,000 $ 1,980,000    Net operating income $ 401,200 $ 1,069,200 $ 311,850    Minimum required rate of return 23 % 39.6 % 20 %  

Explanation / Answer

Margin Turnover ROI Division A 5.90% 5.00 29.50% Division B 9.90% 4.00 39.60% Division C 3.15% 5.00 15.75%

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