I need answer of this question general accounting Othman Inc. reported the following results from last year's operations:SalesVariable expenses$16,800,00012,230,000Contribution margin 4,570,000Fixed expenses3,394,000Net operating income $1,176,000The company's average operating assets were $3,000,000.Last year's turnover was closest to:A) 10.42B) 5.60C) 0.92D) 1.40

Step 1: Define Operating incomeOperating income is that part of income which arise due to main…

Answered: Othman Inc. reported the following…

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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During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. B. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?
Please help me to compute turnover for the year was....show calculation
General Accounting
The following data has been extracted from the year-end reports of two companies, Company X and Company Y: Company X Company Y Sales $2,700,000 Operating Income $ 256,000 Average Operating Assets $1,725,000 Margin 8.0% Turnover 2.0 Return on Investment 16% Required: Fill in the missing data for the above table. Show all calculations.
Margin, Turnover, Return on Investment, Average OperatingAssetsElway Company provided the following income statement for the last year:Sales $1,040,000,000Less: Variable expenses 700,250,000Contribution margin $ 339,750,000Less: Fixed expenses 183,750,000Operating income $ 156,000,000At the beginning of last year, Elway had $28,300,000 in operating assets. At the end of the year,Elway had $23,700,000 in operating assets.Required:1. Compute average operating assets.2. Compute the margin and turnover ratios for last year. (Note: Round the answer formargin ratio to two decimal places.)3. Compute ROI. (Note: Round answer to two decimal places.)4. CONCEPTUAL CONNECTION Briefly explain the meaning of ROI.5. CONCEPTUAL CONNECTION Comment on why the ROI for Elway Company isrelatively high (as compared to the lower ROI of a typical manufacturing company).
Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $865,050,000 Less: Variable expenses 550,973,000 Contribution margin $314,077,000 Less: Fixed expenses 192,762,000 Operating income $121,315,000 At the beginning of last year, Elway had $38,661,000 in operating assets. At the end of the year, Elway had $41,350,000 in operating assets. Required: 1. Compute average operating assets.$fill in the blank 1 2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places. Margin fill in the blank 2 % Turnover fill in the blank 3 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.fill in the blank 4 % 4. ROI measures a company’s ability to generate relative to its investment in assets. The greater the ROI, the efficiently the company…
Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $879,510,000 Less: Variable expenses 558,460,000 Contribution margin $321,050,000 Less: Fixed expenses 198,790,000 Operating income $122,260,000 At the beginning of last year, Elway had $38,636,000 in operating assets. At the end of the year, Elway had $41,336,000 in operating assets. Required: 1. Compute average operating assets.$ 2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places. Margin % Turnover 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. % 4. ROI measures a company’s ability to generate relative to its investment in assets. The greater the ROI, the efficiently the company is generating from its assets. 5. CONCEPTUAL CONNECTION Comment on why the ROI…
Provide the missing data in the following table: (Round "Turnover" answers to 1 decimal place.) Sales Operating income Average operating assets Margin Turnover Return on investment Fab $800,000 $ 72,000 9% 18 % Division Consulting $ 130,000 4% 5.0 % IT $ 40,000 8% 20 %
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Following is information from Skyway Inc. for the year (in thousands). Total annual revenue $3,206,980 Total revenue growth rate 5.0% Terminal revenue growth rate 2% Net operating profit margin (NOPM) 8.2% Net operating asset turnover (NOAT) 3.42 Projected total revenue for the following year would be: Select one: a. $3,469,952 b. None of these are correct c. $3,316,659 d. $3,271,120 e. $3,367,329
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Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $1,040,000,000 Less: Variable expenses 700,250,000 Contribution margin $ 339,750,000 Less: Fixed expenses 183,750,000 Operating income $ 156,000,000 At the beginning of last year, Elway had $28,300,000 in operating assets. At the end of the year, Elway had $23,700,000 in operating assets. Required: 1. Compute average operating assets.$fill in the blank 1 2. Compute the margin (as a percent) and turnover ratios for last year. Margin fill in the blank 2 % Turnover fill in the blank 3 3. Compute ROI as a percent.fill in the blank 4 % 4. ROI measures a company’s ability to generate relative to its investment in assets. The greater the ROI, the efficiently the company is generating from its assets. 5. CONCEPTUAL CONNECTION Comment on why the ROI for Elway Company is relatively high (as compared to the lower ROI of a…

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