A manufacturer reports the following for two of its divisions for a recent month.BeverageDivisionCheeseDivisionAverage assetsSales$ 7,2003,330$ 13,3005,440Income7981,130Exercise 22-12 (Algo) Computing ROI, profit margin, and investment turnover LO A1, A2For each division, compute:1. return on investment.2. profit margin.3. investment turnover. Required 1Required 2Required 3Compute return on investment.Return on InvestmentNumerator:/ Denominator:DivisionBeverageCheese=Return on investment==< Required 1Required 2 >

The objective of the question is to calculate the return on investment (ROI) for the Beverage and…

Answered: A manufacturer reports the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Textile Division of Electrotech Corporation reported the following results for a recent year Sales $9,000,000 Expenses 7,500,000 Total assets (1/1) 6,000,000 Total assets (12/31) 6,200,000 Refer to the Textile Division. What was the profit margin for The Textile Division? Select one: а. 17% b. 24% C. 69% d. 25%
Problem 1: The IT corporation produces and markets two types of electronic calculators: Model 11 and model 12. The following data were gathered on activities last month. Model 11 Model 12 Sales in units... Selling price per unit.. Variable production costs per unit.. Traceable fixed production costs.. Variable selling expenses per unit.. Traceable fixed selling expenses....... Allocated division administrative expenses.. $50,000 Prepare a segmented income statement in the contribution format for last month 5,000 $50 $10 $100,000 $5 5,000 3,000 $100 $26 $150,000 $6 7,500 $60,000
Provide the missing data in the following table for a distributor of martial arts products: Alpha Division Bravo Division Charlie Division Sales $335,000 Net operating income $46,900 $57,460 Average operating assets $481,000 Margin 7 % 3 % 13 % Turnover 5.0 Return on investment (ROI) % 35.0 % 26.0 %
Provide the missing data in the following table for a distributor of martial arts products: (Round "Turnover" and "ROI" answers to 1 decimal place.) Alpha Division Bravo Division Charlie Division Sales $ 276,000 Net operating income $ 38,640 $ 39,780 Average operating assets $ 459,000 Margin 7% % 13 % Turnover 4.0 Return on investment (ROI) % 28.0 % 19.5 %
Provide the missing data in the following table for a distributor of martial arts products: (Round "Turnover" and "ROI" answers to 1 decimal place.) Alpha Division Bravp Division Charlie Division Sales $272,000 Net Operating Income $27,200 $38,800 Average opertaing assets $404,000 Margain 5% 9% Turnover 4.0 ROI 20.0% 13.5%
Operating income for profit center The centralized Data Analytics Department of Drewlink Company has expenses of $340,000. The department has provided a total of 8,000 hours of service for the period. The Retail Division has used 2,000 hours of data analytics service during the period, and the Commercial Division has used 6,000 hours of data analytics service. Additional data for the two divisions is following below: Retail Division Commercial Division Sales Cost of goods sold $2,550,000 1,450,000 $1,700,000 -750,000 230,000 170,000 Selling expenses Determine the divisional operating income for the Retail Division and the Commercial Division. Do not round interim calculations. Drewlink Company Divisional Operating income Line Item Description Retail Division Commercial Division Sales Cost of goods sold Support department allocations X Operating income Feedback
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nts Exercise 10-2 (Algo) Residual Income [LO10-2] Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,200,000. The company's average operating assets for the year were $1,400,000 and its minimum required rate of return was 12%.
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Meiji Isetan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Sales Net operating income Average operating assets Required 1 Required 2 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 16%. Compute the residual income for each division. 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Osaka $ 10,600,000 $ 742,000 $ 2,650,000 Complete this question by entering your answers in the tabs below. ROI % Division Required 3 For each division, compute the return on investment (ROI) in terms of margin and turnover. Osaka Yokohama Yokohama $ 36,000,000 $ 3,240,000 $ 18,000,000 %

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