Division X has an ROI of 20% on a divisional investment of $30,000,000. Margin is 1%. The imputted interest rate charged by top management to Division X is 15%.
I know the formula on how to find sales using the Margin formula which as follows below:
Margin = net operating income / sales
Then this becomes: sales = net operating income / margin
However, I am stumbled on getting the net operating income from this question.