Babak Industries is a division of a major corporation Last yeer the division had

Question

Babak Industries is a division of a major corporation Last yeer the division had total salies of $20 760,000, assets of $7.200.000 net operating income of $1.889 760 and average operating The division's turnoves is closest to Malmple Choice 026 288 210 Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below Sales Net operating income Average operating asset4,250,000 $18,210,000 637,350 The division's margin is closest to: Multiple Choice 150% 35% 162%

Explanation / Answer

1) Turnover = Revenue(Sales)/Average operating assets

                  = 20760000/7200000

Turnover = 2.88

so answer is c) 2.88

2) Margin = Net income*100/sales

              = 637350*100/18210000

Margin = 3.5%

so answer is b) 3.5%

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