Flamengo Co is a sporting goods manufacturing. It has the following three divisions: Basketball Football Division Soccer Division Division Sales $1,250,000 Net operating income $25,000 $75,000 $36,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Flamengo Co is a sporting goods manufacturing. It has the following three divisions:
Basketball
Football Division
Soccer Division
Division
Sales
$1,250,000
Net operating income
$25,000
$75,000
$36,000
Average operating assets
$300,000
Return on investment
20%
15%
Margin
0.1
0.08
Turnover
1.8
Target ROI
10%
15%
12%
Transcribed Image Text:Flamengo Co is a sporting goods manufacturing. It has the following three divisions: Basketball Football Division Soccer Division Division Sales $1,250,000 Net operating income $25,000 $75,000 $36,000 Average operating assets $300,000 Return on investment 20% 15% Margin 0.1 0.08 Turnover 1.8 Target ROI 10% 15% 12%
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