What is the divisions margin

Assignment Help Financial Accounting

Reference no: EM13790284

Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,867,200, net operating income of $3,078,869, and average operating assets of $8,524,000. The company's minimum required rate of return is 15%.

Required:

a. What is the division's margin? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Margin _________%

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

Turnover ______

c. What is the division's return on investment (ROI)? (Round your answer to 2 decimal places. Omit the "%" sign in your response

Return on investment _________%

Reference no: EM13790284

Questions Cloud

Compute the payback period for the machine : Brewer Company is considering purchasing a machine that would cost $626,820 and have a useful life of 9 years. The machine would reduce cash operating costs by $101,100 per year. The machine would have a salvage value of $107,300 at the end of the pr..

List webers three ideal types of authority : List Weber's three ideal types of authority. Which one forms the basis for his concept of bureaucracy, and why

Discuss history and evolving nature of clinical psychology : Discuss the history and evolving nature of clinical psychology

Understanding of the concepts : Based on your understanding of the concepts covered in this course, address the following:

What is the divisions margin : Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,867,200, net operating income of $3,078,869, and average operating assets of $8,524,000. The company's minimum required rate of return is 15%. What i..

What is an intangible asset : What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some intangible assets not amortized? What is the implication to the financial statements?

How can the subdisciplines and subtopics you identifie : How can the subdisciplines and subtopics you identifie.

Assets clearly align more to straight-line depreciation : Why does the federal government allow for accelerated depreciation of fixed assets even when the useful life and utility of the assets clearly align more to straight-line depreciation? Explain.

Advanced time value of money : An advertised monthly lending rate of 0.9% is about 11% per year. This difference between an advertised rate and the annualized rate is based on finer TVM details that may be overlooked by borrowers. Discuss how you may have used TVM in a recent i..

User Account

All Pages