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Required information Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income Sales revenue income Average investment Sales margin Capital turnover ROI Residual income $ Division A ? $ 590,000 ? 30% Division A equired: he following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested apital is 12 percent. ote: Round "Capital turnover" answers to 2 decimal places. 1,890,000 24 % 1.00 % Division B $ 10,000,000 $ 2,090,000 $ 2,550,000 $ $ $ Division B 41,300,000 8,260,000 10,325,000 % Division C % ? 35% > 40% $ 125,000 Division C 30 % 24 % 495,000

Required information Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income Sales revenue income Average investment Sales margin Capital turnover ROI Residual income $ Division A ? $ 590,000 ? 30% Division A equired: he following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested apital is 12 percent. ote: Round "Capital turnover" answers to 2 decimal places. 1,890,000 24 % 1.00 % Division B $ 10,000,000 $ 2,090,000 $ 2,550,000 $ $ $ Division B 41,300,000 8,260,000 10,325,000 % Division C % ? 35% > 40% $ 125,000 Division C 30 % 24 % 495,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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**Required Information** Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. | | Division A | Division B | Division C | |-------------------|------------|------------|------------| | Sales revenue | ? | $10,680,000| $6,250,000 | | Income | $590,000 | $2,290,000 | ? | | Average investment| ? | $2,550,000 | ? | | Sales margin | 30% | ? | 35% | | Capital turnover | ? | 2 | ? | | ROI | ? | ? | 42% | | Residual income | ? | ? | $125,000 | **Required:** The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 12 percent. **Note:** Round "Capital turnover" answers to 2 decimal places. | | Division A | Division B | Division C | |-------------------|------------|------------|------------| | Sales revenue | ? | $4,130,000 | $6,250,000 | | Income | $1,890,000 | $8,260,000 | ? | | Average investment| ? | $10,325,000| ? | | Sales margin | 24% | ? | 30% | | Capital turnover | 1.00 | ? | 2.00 | | ROI | ? | ? | 24% | | Residual income | ? | ? | $495,000 | The tables consist of financial data for the divisions A, B, and C, such as sales revenue, income, average investment, sales margin, capital turnover, ROI (Return on Investment), and residual income. Various pieces of information are missing and are required to be calculated or deduced.
Transcribed Image Text:**Required Information** Use the following information for the Problems below: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 8 percent. | | Division A | Division B | Division C | |-------------------|------------|------------|------------| | Sales revenue | ? | $10,680,000| $6,250,000 | | Income | $590,000 | $2,290,000 | ? | | Average investment| ? | $2,550,000 | ? | | Sales margin | 30% | ? | 35% | | Capital turnover | ? | 2 | ? | | ROI | ? | ? | 42% | | Residual income | ? | ? | $125,000 | **Required:** The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 12 percent. **Note:** Round "Capital turnover" answers to 2 decimal places. | | Division A | Division B | Division C | |-------------------|------------|------------|------------| | Sales revenue | ? | $4,130,000 | $6,250,000 | | Income | $1,890,000 | $8,260,000 | ? | | Average investment| ? | $10,325,000| ? | | Sales margin | 24% | ? | 30% | | Capital turnover | 1.00 | ? | 2.00 | | ROI | ? | ? | 24% | | Residual income | ? | ? | $495,000 | The tables consist of financial data for the divisions A, B, and C, such as sales revenue, income, average investment, sales margin, capital turnover, ROI (Return on Investment), and residual income. Various pieces of information are missing and are required to be calculated or deduced.
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