Multinational performance measurement, ROI, RI. The Seaside Corporation manufactures similar products in the United States and Norway. The U.S. and Norwegian operations are organized as decentral- ized divisions. The following information is available for 2017; ROI is calculated as operating income divided by total assets: U.S. Division Norwegian Division 6,840,000 kroner Operating income Total assets ? $7,700,000 15.00% 72,000,000 kroner ROI ? Both investments were made on December 31, 2016. The exchange rate at the time of Seaside's investment in Norway on December 31, 2016, was 9 kroner = $1. During 2017, the Norwegian kroner decreased steadily in value so that the exchange rate on December 31, 2017, is 10 kroner ing 2017 is [(9 + 10) + 2] = 9.5 kroner = $1. $1. The average exchange rate dur- |3D

Multinational performance measurement, ROI, RI. The Seaside Corporation manufactures similar products in the United States and Norway. The U.S. and Norwegian operations are organized as decentral- ized divisions. The following information is available for 2017; ROI is calculated as operating income divided by total assets: U.S. Division Norwegian Division 6,840,000 kroner Operating income Total assets ? $7,700,000 15.00% 72,000,000 kroner ROI ? Both investments were made on December 31, 2016. The exchange rate at the time of Seaside's investment in Norway on December 31, 2016, was 9 kroner = $1. During 2017, the Norwegian kroner decreased steadily in value so that the exchange rate on December 31, 2017, is 10 kroner ing 2017 is [(9 + 10) + 2] = 9.5 kroner = $1. $1. The average exchange rate dur- |3D

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Payton Company has the following segment revenues for the two most recent fiscal years. Segment Current Year (in millions) Prior Year (in millions) China $770 $650 Canada 326 240 Other countries 212 168 Total revenues $1,308 $1,058 Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place. Payton Company Vertical Analysis Current Year Prior Year Current Year Percent Prior Year Segment Amount Amount Percent (in millions) (in millions) China $770 $650 % Canada 326 240 Other countries 212 168 Total revenues $1,308 $1,058 Previous Next
How could the acquisition of a Moldovan company by a US company for 5 million dollars in 2018 and annual profits from the US investment in Moldova at 145.000 $ in 2019 be recorded in the balance payments in Moldova and the USA in 2018 and 2019 ?
The Korean manufacturing output per hour index is given for years 2014–2018 as follows: a. For each year from 2015 to 2018 determine the rate of increase in Korean manufacturing output per hour to two decimal places. b. Because this index, like inflation, is compounded from period to period (e.g., year to year), estimate the overall annual rate of increase in Korean manufacturing output per hour from 2015 to 2018. Suggestion! Do not simply average the rates of part (a).
In January 2022, United Airlines had a market capitalization of $14.74 billion, debt of $36.27 billion, and cash of $18.06 billion. United Airlines had revenues of $24.46 billion. Southwest Airlines had a market capitalization of $26.56 billion, debt of 12.49 billion, cash of $15.73 billion, and revenues of $15.42 billion. b. Compare the enterprise value-to-revenue ratio for United Airlines and Southwest Airlines.c. Which of these comparisons is more meaningful?
17- Assume that a country estimates its M1 money supply at $20 million. A broader measure of the money supply, M2, is $50 million. The country's gross domestic product is $100 million. Production or real output for the country is 500,000 units or products. a. Determine the velocity of money based on the M1 money supply. b. Determine the velocity of money based on the M2 money supply. c. Determine the average price for the real output.
Given the following information, calculate for 2016 the number of days of working capital financing the firm will need to obtain from other sources? (i.e., show the calculations of the Days Outstanding (including embedded Turnover ratios) for each of Accounts Receivable, Inventory, and Accounts Payable, as well as the intermediate calculation of Purchases used to calculate Days Outstanding for Payables, and finally, the number of days of external working capital financing required.
What are the impact of eXtensible Business Reporting Language on entities, accountants and investors in the business environment and the capital market?
Calculate ROI for 2017. Calculate ROE for 2017. Calculate working capital at July 30, 2017, and July 31, 2016. Calculate current ratio at July 30, 2017, and July 31, 2016. Calculate Acid-test ratio at July 30, 2017, and July 31, 2016.
Williams Company is a manufacturer of auto parts having the following financial statements for 2021-2022.
To be a reportable segment, the segment profit or loss should be at least what amount?