Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances Division Cleaning Products Division Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, Calculate: A. Average operating assets B. Margin C. Turnover D. ROI
Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances Division Cleaning Products Division Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, Calculate: A. Average operating assets B. Margin C. Turnover D. ROI
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Forchen, Inc., provided the following information for two of its divisions for last year:
Small Appliances Division |
Cleaning Products Division |
|
Sales | $34,670,000 | $31,320,000 |
Operating income | 2,773,600 | 1,252,800 |
Operating assets, January 1 | 6,394,000 | 5,600,000 |
Operating assets, December 31 | 7,474,000 | 6,000,000 |
Required:
1. For the Small Appliances Division, Calculate:
A. Average operating assets
B. Margin
C. Turnover
D. ROI
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