A company that reports segment information had average total assets of $1,800,000 and total net income of $620,000. . • Segment A had average total assets of $1,050,000 and segment operating income of $315,000. Segment B had average assets of $750,000 and segment operating income of $305,000. What is the segment return on assets for Segment A?

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...
icon
Related questions
Question
100%

I need help solving this general accounting question with the proper methodology.

A company that reports segment information had average total assets of
$1,800,000 and total net income of $620,000.
.
•
Segment A had average total assets of $1,050,000 and segment
operating income of $315,000.
Segment B had average assets of $750,000 and segment operating
income of $305,000.
What is the segment return on assets for Segment A?
Transcribed Image Text:A company that reports segment information had average total assets of $1,800,000 and total net income of $620,000. . • Segment A had average total assets of $1,050,000 and segment operating income of $315,000. Segment B had average assets of $750,000 and segment operating income of $305,000. What is the segment return on assets for Segment A?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College