Accounting A company that reports segment information had averagetotal assets of $1,522,450 and total net income of $590,700.Segment A had average total assets of $927,800 and segmentoperating income of $298,300. Segment B had average assetsof $594,650 and segment operating income of $292,400.The segment return on assets for Segment A is

Step 1: Define Return On AssetsReturn on assets is a profitability ratio that determines how…

Answered: A company that reports segment…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Similar questions

A company had average total assets of $982,4250 and net income of $190,700 and reports various segment information.
During the current year, Sokowski Manufacturing earned income of $459,332 from total sales of $6,906,995 and average capital assets of $11,489,420. What is the asset turnover? Round to the nearest to the hundredth, two decimal places and submit the answer in a percentage.
Subject: General Accounting
During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. B. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?
The following are financial data taken from the annual report of Foundotos Company: Year 2 $134,448 51,981 37,154 57,504 Net sales Gross property, plant and equipment Accumulated depreciation Intangible assets (net) A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Foundotos? Year 1 $130,060 47,744 34,180 36,276
A company has sales of $87,400, net income of $20,400, costs sales of $30,000, selling and administrative expenses of $4,100, and depreciation of $6,800. The common-size statement value of EBITDA is percent.
Additionally, the company informed the following: Net income = $156,042 Sales = $4,063,589 Determine the following values for the company: Total asset turnover ratio _____________ Fixed asset turnover ratio _____________
The average total asset amount is?
Dundee Co. reported the following for the current year: net sales of $80,000; cost of goods sold of $60,000; beginning balance of total assets of $115,000; and ending balance of total assets of $85,000. Compute total asset turnover. Round to one decimal.
An analysis of the transactions of Rutherford Company for the year ended December 31, yieldsthe following information: sales revenue, $65,000; insurance expense, $4,300; interest income,$3,900; cost of goods sold, $28,800; and loss on disposal of property, plant, and equipment,$1,200.Required:Prepare a single-step income statement.
Selling, general, and administrative expenses were $149,600; net sales were $680,000; interest expense was $16,300; research and development expenses were $71,400; net cash provided by operating activities was $180,500; income tax expense was $15,240; cost of goods sold was $374,000. a. Calculate operating income for the period. b. Calculate net income for the period.
Firoz Company reported a net income of $16,700 on gross sales of $80,000. The company has average total assets of $115,200 of which $100,000 is property, plant, and equipment. What is the company's return on investment?

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