Romano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented here: Required: a. Calculate the missing amounts for each division. Note: Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places. Revenues Operating income Operating assets Margin Turnover ROI Residual income. $ $ $ Division X 1,033,000 130,400 549,500 % turn(s) % $ Division Y 381,500 14.00 % 2.00 turn(s) % $ $ Division 2 80,300 % 1.00 turn(s) % 30,350
Romano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented here: Required: a. Calculate the missing amounts for each division. Note: Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places. Revenues Operating income Operating assets Margin Turnover ROI Residual income. $ $ $ Division X 1,033,000 130,400 549,500 % turn(s) % $ Division Y 381,500 14.00 % 2.00 turn(s) % $ $ Division 2 80,300 % 1.00 turn(s) % 30,350
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
Transcribed Image Text:Exercise 15-20 (Algo) Investment center analysis; ROI and residual income LO 15-9
Romano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented
here:
Required:
a. Calculate the missing amounts for each division.
Note: Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.
Revenues
Operating income
Operating assets
Margin
Turnover
ROI
Residual income
$
$
$
Division X
1,033,000
130,400
549,500
%
turn(s)
%
$
Division Y
381,500
14.00 %
2.00 turn(s)
%
$
$
Division Z
80,300
%
1.00 turn(s)
%
30,350
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