Question: answer parts a - c Gabbe Industries is a division of a major corporation. Last year the division had total sales of $23,615,600, net operating

answer parts a - c

Gabbe Industries is a division of a major corporation. Last year the division had total sales of $23,615,600, net operating income of $3,164,490, and average operating assets of $5,492,000. The company's minimum required rate of return is 19%. 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 (RO)? (Round percentage your answer to 2 decimal places.) a. Margin b. Turnover C. Return on investment

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