The Following Information Relates to Last Year's Operations at the Legumes

question 106

Multiple Choice

The following information relates to last year's operations at the Legumes Division of Gervani Corporation: $\begin{array}{lc}\text { Minimum required rate of return } & 12 \% \\\text { Return on investment (ROI) } & 15 \% \\\text { Sales } & \$ 900,0000 \\\text { Turnover (on operating assets) } & 3 \text { times }\end{array}$ What was the Legume Division's net operating income last year?

• A) $108,000
• B) $135,000
• C) $36,000
• D) $45,000