The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
Minimum required rate of return 12 %
Return on investment (ROI) 15 %
Sales $ 900,000
Turnover (on operating assets) 3 times
What was the Legume Division's net operating income last year? Multiple Choice
a. $108,000
b. $135,000
c. $36,000
d. $45,000
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