The following information relates to last year's operations at the Legumes Division of Gervani Corporations Minimum required rate of return Return on investment (ROI) Sales Turnover (on operating assets) 7% 10.4% $970,000 4 times
The following information relates to last year's operations at the Legumes Division of Gervani Corporations Minimum required rate of return Return on investment (ROI) Sales Turnover (on operating assets) 7% 10.4% $970,000 4 times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
Minimum required rate of return
Return on investment (ROI)
Sales
Turnover (on operating assets)
What was the Legume Division's net operating income last year?
Multiple Choice
$100,880
$67,900
$25,220
7%
10.4%
$ 970,000
4 times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fecb3ccf8-64a3-4f42-90b5-c9c7edf16923%2F952817c9-71c8-45eb-895d-7592f3c3d617%2Fu5w6rum_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
Minimum required rate of return
Return on investment (ROI)
Sales
Turnover (on operating assets)
What was the Legume Division's net operating income last year?
Multiple Choice
$100,880
$67,900
$25,220
7%
10.4%
$ 970,000
4 times
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