"The Hudson Bay division has the following income statement for its last quarter: Sales revenues $1,120,000 Cost of goods sold ($800,000) Gross margin ($320,000) Selling and administrative expenses ($200,000) Operating income $120,000 The company's average operating assets for the period were $540,000. The company requires a minimum rate of return of 20%. What is the division's turnover?"

Answer rating: 100% (QA)

Division ROI Net operating inc... View the full answer