Question: How do I calculate the Minimum Required Rate of Return given the following question? The Willard Division's operating data for the past two years are
The Willard Division's operating data for the past two years are provided below: Year 1 12 Return on investment Net operating income Turnover Margin Sales Year 2 36 360,000 3 The Willard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: The sales for Year 2 were: For the past year, the return on investment was: For the past year, the turnover used in ROI calculations was: For the past year, the minimum required rate of return was:
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