Benjamin Manufacturing is a division of a major corporation. The following data are for the most recent year of operations: Category Sales Net Operating Income Average Operating Assets Amount ($) 14,700,000 400,000 3,500,000 Minimum Required Rate of Return 9% The division's turnover used to compute ROI is closest to: (a) 4.20 (b) 0.12 (c) 37.50 (d) 3.75

Benjamin Manufacturing is a division of a major corporation. The following data are for the most recent year of operations: Category Sales Net Operating Income Average Operating Assets Amount ($) 14,700,000 400,000 3,500,000 Minimum Required Rate of Return 9% The division's turnover used to compute ROI is closest to: (a) 4.20 (b) 0.12 (c) 37.50 (d) 3.75

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter11: Performance Evaluation And Decentralization

Section: Chapter Questions

Problem 27E: Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the...

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Provide the missing data in the following tabulation: Division Alpha Bravo Charlie Revenue 11500000 Operating profit 920000 210000 Average operating assets 800000 Margin 4,00% 7,00% Turnover 5 Return on investment (ROI) 20% 14%
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