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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)?