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Seaside Boats, Inc. has a minimum required rate of return of 22%. During the current year,...

Seaside Boats, Inc. has a minimum required rate of return of 22%. During the current year, the powerboat division’s return on investment is 14% and the division’s turnover ratio is 1.60. The powerboat division has average operating assets of $420,000 and liabilities of $150,000.

a. What is the powerboat division’s net operating income?

b. What is the powerboat division’s sales revenue?

  

c. What is the powerboat division’s margin?

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