General Account OMEGA MANUFACTURING IS A DIVISION OF A LARGE CORPORATION. LAST YEAR, THEDIVISION HAD TOTAL SALES OF $18,500,000, NET OPERATING INCOME OF $650,000, ANDAVERAGE OPERATING ASSETS OF $4,500,000.WHAT IS THE DIVISION'S TURNOVER RATIO?A) 3.21B) 4.11C) 2.95D) 5.00

Calculation of Division's Turnover RatioDivision's Turnover Ratio = Total Sales / Average Operating…

Answered: OMEGA MANUFACTURING IS A DIVISION OF A…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Xenold, Inc., manufactures and sells cooktops and ovens through three divisions: Home, Restaurant, and Specialty. Each division is evaluated as a profit center. Data for each division for last year are as follows (numbers in thousands): The income tax rate for Xenold, Inc., is 40 percent. Xenold, Inc., has two sources of financing: bonds paying 5 percent interest, which account for 25 percent of total investment, and equity accounting for the remaining 75 percent of total investment. Xenold, Inc., has been in business for over 15 years and is considered a relatively stable stock, despite its link to the cyclical construction industry. As a result, Xenold stock has an opportunity cost of 5 percent over the 4 percent long-term government bond rate. Xenolds total capital employed is 5.04 million (2,600,000 for the Home Division, 1,700,000 for the Restaurant Division, and the remainder for the Specialty Division). Required: 1. Prepare a segmented income statement for Xenold, Inc., for last year. 2. Calculate Xenolds weighted average cost of capital. (Round to four significant digits.) 3. Calculate EVA for each division and for Xenold, Inc. 4. Comment on the performance of each of the divisions.
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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income Average operating assets The division's turnover is closest to: Multiple Choice O O O 10.75 3.40 0.32 2.58 $ 17,000,000 $ 1,581,000 $ 5,000,000
Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income Average operating assets The division's margin is closest to: Multiple Choice O O 3.5% 19.7% 16.2% 15.0% $ 18,210,000 $ 637,350 $ 4,250,000
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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income Average operating assets The division's turnover is closest to: $ 17,910,000 $ 985,050 $ 4,850,000
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OMEGA MANUFACTURING IS A DIVISION OF A LARGE CORPORATION. LAST YEAR, THE DIVISION HAD TOTAL SALES OF $18,500,000, NET OPERATING INCOME OF $650,000, AND AVERAGE OPERATING ASSETS OF $4,500,000. WHAT IS THE DIVISION'S TURNOVER RATIO? A) 3.21 B) 4.11 C) 2.95 D) 5.00