What is division margin? Chace Products is a division of a majorcorporation. Last year the division had totalsales of $21,300,000, net operating income of$575,100, and average operating assets of$5,000,000. The company's minimumrequired rate of return is 12%.The division's margin is closest to:a. 26.2%b. 23.5%c. 2.7%d. 11.5%

Step 1: Define Net Operating IncomeOperating income is the gross profit in excess of the operating…

Answered: Chace Products is a division of a major…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: At the beginning of last year, Elway had 28,300,000 in operating assets. At the end of the year, Elway had 23,700,000 in operating assets. Required: 1. Compute average operating assets. 2. Compute the margin and turnover ratios for last year. (Note: Round the answer for margin ratio to two decimal places.) 3. Compute ROI. (Note: Round answer to two decimal places.) 4. CONCEPTUAL CONNECTION Briefly explain the meaning of ROI. 5. CONCEPTUAL CONNECTION Comment on why the ROI for Elway Company is relatively high (as compared to the lower ROI of a typical manufacturing company).
Ceder Products is a division of a major corporation. Last year the division had total sales of $21.520,000, net operating income of $538,000, and average operating assets of $8,000,000. The company's minimum required rate of return is 18%. 6. The division's margin is closest to: A. 2.5% B. 39.7% C. 6.7% D. 37.2%
Jacob Products is a division of a major corporation. Last year the division had total sales of P26,800,000, net operating income of P1,768,800, and average operating assets of P8,000,000. The company's minimum required rate of return is 12%. 1. The division's margin is closest to:A) 1% B) 6.6% C) 29.9% D) 36.5% 2. The division's turnover is closest to: A) 22 B) 2.74 C) 15.15 D) 3.35 3. The division's return on investment (ROI) is closest to: A) 0% B) 5.1% C) 22.1% D) 1.5% 4. The division's residual income is closest to: A) P 808,800 B) P 1,768,800 C) P (1,447,200) D) P 2,728,800 Help me. Show solutions, thank you
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $33,667,200, net operating income of $4,679,741, and average operating assets of $7,014,000. The company's minimum required rate of return is 22%. Required: a. What is the division's margin? Note: Round your percentage answer to 2 decimal places. b. What is the division's turnover? Note: Round your answer to 2 decimal places. c. What is the division's return on investment (ROI)? Note: Round percentage your answer to 2 decimal places. a. Margin b. Turnover c. Return on investment
Ceder Products is a division of a major corporation. Last year the division had total sales of $21.520,000, net operating income of $538,000, and average operating assets of $8,000,000. The company's minimum required rate of return is 18%. The division's turnover is closest to: A. 2.52 B. 0.07 C. 40.00 D. 2.69
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $24,048,000, net operating income of $2,765,520, and average operating assets of $6,012,000. The company's minimum required rate of return is 17% Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer to 2 decimal places.) a. Margin b. Turnover c. Return on investment 96
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $27,311,900, net operating income of $2,840,438, and average operating assets of $7,094,000. The company's minimum required rate of return is 15%. Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer to 2 decimal places.)
Cabell Products is a division of a major corporation. Last year the division had total sales of $26,720,000, net operating income of $2,624,320, and average operating assets of $7,400,000. The company's minimum required rate of return is 15%. The division's turnover is closest to: Multiple Choice O O O O 10.18 3.61 0.35 2.36
Jacob Products is a division of a major corporation. Last year the division had total sales of P26,800,000, net operating income of P1,768,800, and average operating assets of P8,000,000. The company's minimum required rate of return is 12%. The division's residual income is closest to: A) P 808,800 B) P 1,768,800 C) P (1,447,200) D) P 2,728,800 Show solution
I need help with part d.
Cabell Products is a division of a major corporation. Last year the division had total sales of $11,650,000, net operating income of $1,141,700, and average operating assets of $3,495,000. The company's minimum required rate of return is 11%. The division's residual income is closest to: Multiple Choice $1,141,700 $1,526,150 $757,250 $(768,900)
Loon Products is a division of a major corporation. Last year the division had total sales of $11,650,000, net operating income of $1,141,700, and average operating assets of $3,495,000. The company's minimum required rate of return is 11%. 11 The division's residual income is closest to: А. $ 1,141,700 В. $ 757,250 (768,900) 1,526,150 None of the above C. $ D. $ Е.

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