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Carriage Incorporated manufactures horse carriages. The company has two divisions, Wheels and Assembly. Because of different accounting methods and inflation rates, the company is considering multiple evaluation measures. The following information is provided for 2020 Wheels Assembly ASSETS OA. 26%, 15% OB. 15%, 26% OC. 21%, 30% OD. 30%, 21% Book Value $500,000 $800,000 Current value $580,000 $1,300,000 INCOME Book value $150,000 $170,000 The company is currently using a 14% required rate of return. What are Wheels' and Assembly's return on investment based on current values, respectively? GREED Current value $150,000 $190,000

Carriage Incorporated manufactures horse carriages. The company has two divisions, Wheels and Assembly. Because of different accounting methods and inflation rates, the company is considering multiple evaluation measures. The following information is provided for 2020 Wheels Assembly ASSETS OA. 26%, 15% OB. 15%, 26% OC. 21%, 30% OD. 30%, 21% Book Value $500,000 $800,000 Current value $580,000 $1,300,000 INCOME Book value $150,000 $170,000 The company is currently using a 14% required rate of return. What are Wheels' and Assembly's return on investment based on current values, respectively? GREED Current value $150,000 $190,000

FINANCIAL ACCOUNTING
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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Carriage Incorporated manufactures horse carriages. The company has two divisions, Wheels and Assembly. Because of different accounting methods and inflation rates, the company is considering multiple evaluation measures. The following information is provided for 2020 Wheels Assembly ASSETS OA. 26%, 15% OB. 15%, 26% OC. 21%, 30% OD. 30%, 21% Book Value $500,000 $800,000 Current value $580,000 $1,300,000 INCOME Book value $150,000 $170,000 The company is currently using a 14% required rate of return. What are Wheels' and Assembly's return on investment based on current values, respectively? ROOD Current value $150,000 $190,000
Transcribed Image Text:Carriage Incorporated manufactures horse carriages. The company has two divisions, Wheels and Assembly. Because of different accounting methods and inflation rates, the company is considering multiple evaluation measures. The following information is provided for 2020 Wheels Assembly ASSETS OA. 26%, 15% OB. 15%, 26% OC. 21%, 30% OD. 30%, 21% Book Value $500,000 $800,000 Current value $580,000 $1,300,000 INCOME Book value $150,000 $170,000 The company is currently using a 14% required rate of return. What are Wheels' and Assembly's return on investment based on current values, respectively? ROOD Current value $150,000 $190,000
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