Concord, Inc. reports the following financial information for its sports clothing segment.Average operating assetsControllable marginMinimum rate of return$2,989,000$717,3609%Compute the return on investment and the residual income for the segment.Return on investmentResidual income$SA%

a) To calculate the return on investment (ROI) and residual income for the sports clothing segment…

Answered: Concord, Inc. reports the following…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...

See similar textbooks

Similar questions

Swifty, Inc. reports the following financial information for its sports clothing segment.Average operating assets$3,056,000Controllable margin$641, 760 Minimum rate of return7 % Compute the return on investment and the residual income for the segment. Return on investment % Residual income
Martinez, Inc. reports the following financial information for its sports clothing segment. Average operating assets Controllable margin Minimum rate of return $3,063,000 $735,120 10 % Compute the return on investment and the residual income for the segment. Return on investment Residual income eTextbook and Media Save for Later 24.6 % 446,820
Shalom Company provided you the following data: Net operating income Total liabilities Contribution margin Average operating assets Sales 150,000 350,000 400,000 750,000 800,000 What is the return on investment?
Please help me with show all calculation thanku
Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested assets of 180,000, and sales of 720,000. Use the DuPont formula to compute the return on investment and show (A) the profit margin, (B) the investment turnover, and (C) the return on investment.
Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has asked for your guidance on how to prepare an income statement format that will be distributed to management. Subtotals and totals are included in the information, but you will need to calculate the values. A. In the correct format, prepare the income statement using the following information: B. Calculate the profit margin, return on investment, and residual income. Assume an investment base of $100,000 and 6% cost of capital. C. Prepare a short response to accompany the income statement that explains why uncontrollable costs are included in the income statement.
Current Attempt in Progress Sarasota, Inc. reports the following financial information for its sports clothing segment. Average operating assets $2,997,000 Controllable margin $659,340 Minimum rate of return 9% Compute the return on investment and the residual income for the segment. Return on investment Residual income $ %
Calculate the Return on Investment from the following responsibility report data using total revenue as the base: Account Revenues Clothing revenue Clothing accessories revenue Expenses Associates wages Managers wages Cost of clothing sold Cost of accessories sold Equipment/foxture repairs Responsibility report data Actual $419,769 17,492 $48,641 29,410 262,242 6,372 786 1,575 Utilities Be sure to enter the answer as a percentage but do not include the % sign. Round to two decimal places.
Profit Margin, Investment Turnover, and ROI Briggs Company has an operating income of $36,000, invested assets of $180,000, and sales of $720,000. Use the DuPont formula to compute the return on investment. a. Profit margin % b. Investment turnover c. Return on investment %
Profit Margin, Investment Turnover, and ROI Cash Company has income from operations of $43,578, invested assets of $269,000, and sales of $726,300. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin % b. Investment turnover c. Return on investment %
Need help financial accounting
Calculate the Return on Investment from the following responsibility report data using total revenue as the base: Responsibility report data Account Actual Revenues Clothing revenue $473,158 Clothing accessories revenue 18,757 Expenses Associates wages $41,704 Managers wages 22,906 Cost of clothing sold 254,631 Cost of accessories sold 5,969 Equipment/fixture repairs 960 Utilities 1,539 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.

SEE MORE QUESTIONS

Recommended textbooks for you

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

Concord, Inc. reports the following financial information for its sports clothing segment. Average operating assets Controllable margin Minimum rate of return $2,989,000 $717,360 9% Compute the return on investment and the residual income for the segment. Return on investment Residual income $ SA %