1. Gilde Industries is a division of a major corporation. Last year the division

Question

1. Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average operating assets of $7,000,000. The company's minimum required rate of return is 12%. SHOW ALL WORK FOR CREDIT!

Required:
a. What is the division's margin? (Worth 1 pt.)

b. What is the division's turnover? (Worth 1 pt.)

c. What is the division's return on investment (ROI)? (Worth 1 pt.)

2. Ferris Wares is a division of a major corporation. The following data are for the latest year of operations:

  

Required:

a. What is the division's residual income? (Worth 1.5 pts.) SHOW ALL WORK FOR CREDIT!

Explanation / Answer

1. Gilde Industries is a division of a major corporation. Last year the division

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