Is this one correct? Thanks Gaal Industries is a division of a major corporation

Question

Is this one correct?

Thanks

Gaal Industries is a division of a major corporation. Last year the division had total sales of S33,887,200 net operating income of $4,879,741, and average operating assets of S7,014,000. The company's minimum required rate of return is 22%. Required: a. What is the division's margin? (Round your answer to 2 decimal places) Margin 13.90 % | b. What is the division's turnover? (Round your answer to 2 decimal places. Turnover 4.80 c. What is the division's return on investment (ROI)? (Round your answer to 2 decimal places.) Reiun on investment 68.72

Explanation / Answer

a) Margin = Net operating income*100/sales

              = 4679741*100/33667200

Margin = 13.90%

b) Turnover = Sales/Assets

                 = 33667200/7014000

Turnover = 4.80

c) ROI = Net operating income*100/average operating assets

          = 4679741*100/7014000

ROI = 66.72%

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