Lakeshore Apparel Inc. reported the following financial information for the year: Sales: $600,000 • Variable Costs: 70% of sales • Operating Income: $90,000 What is Lakeshore Apparel Inc.'s operating leverage? a) 4.222 b) 3.000 c) 2.857 d) 2.000
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- Please need answer the financial accountingWhat were the total sales for the year ?Parkway Limited has provided the following data for the most recent year: net operating income, $53,800; fixed expense, $87,500; sales, $225,000; and CM ratio, 63%. What is the company's total contribution margin? a. $141,750 b. $101,000 c. $148,500 d. $155,100 MCQ
- Required information [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's opera Sales Variable expenses Contribution margin Fixed expenses $ 1,600,000 700,000 900,000 660,000 Net operating income 240,000 Average operating assets $ 1,000,000 At the beginning of this year, the company has a $325,000 investment oppor characteristics: $ 520,000 Sales Contribution margin ratio Fixed expenses 70 % of sales $ 312,000 The company's minimum required rate of return is 15%. 3. What is last year's return on investment (ROI)? ROIWesterville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets At the beginning of this year, the company has a $350,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 1,400,000 720,000 680,000 470,000 $ 210,000 $ 875,000 $ 560,000 $ 336,000 The company's minimum required rate of return is 15%. Turnover 70% of sales 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.)Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses Margin $ 1,400,000 680,000 720,000 440,000 $ 280,000 $ 875,000 $ 480,000 $ 336,000 The company's minimum required rate of return is 15%. 7. If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) % 80% of sales
- What were total sales for the year?Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $1,400,000 680,000 720,000 440,000 $ 280,000 $ 875,000 $ 480,000 $ 336,000 The company's minimum required rate of return is 15%. Residual income 80% of sales 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year?Parker Company has provided the following data for the most recent year: net operating income, $33,000; fixed expense, $94,200; sales, $212,000; and CM ratio, 60%. What is the company's degree of operating leverage? A. 3.85 B. 1.35 C. 0.26 D. 0.60