Gem Industries is a division of a major corporation. Last year the division had total...
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Gem Industries is a division of a major corporation. Last year the division had total sales of $23,437,500, net operating income of $3,796,875, and average operating assets of $6,250,000. The company's minimum required rate of return is 12%. Required: a. What is the division's margin? (Round your percentage 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 percentage your answer to 2 decimal places.) a. Margin b. Turnover c. Return on investment
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