Scribe Company, a manufacturer of writing instruments, provides the following financial information:Operating incomeNet salesTotal assets at Jan. 1Pen DivisionPencil Division$100,000$30.000$500,000$150,000$580,000$255,000$610,000$275,000Total assets at Dec. 31Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.)OA. 11.32%OB. 10.91%OC. 11.76%OD. 16.81%

The objective of the question is to calculate the return on investment (ROI) for the Pencil Division…

Answered: Scribe Company, a manufacturer of…

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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The Textile Division of Electrotech Corporation reported the following results for a recent year Sales $9,000,000 Expenses 7,500,000 Total assets (1/1) 6,000,000 Total assets (12/31) 6,200,000 Refer to the Textile Division. What was the profit margin for The Textile Division? Select one: а. 17% b. 24% C. 69% d. 25%
The following data pertain to Turk Company's operations last year: Sales Net operating income Contribution margin Average operating assets Stockholders' equity Plant, property, & equipment Turk's return on investment for the year was: Multiple Choice O O 20% 4% 36% 15% $ 900,000 $ 36,000 $ 150,000 $ 180,000 $ 100,000 $ 120,000
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Excel Online Structured Activity: Balance Sheet Analysis Consider the following financial data for J. White Industries: Total assets turnover: 1.2Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 27%Total liabilities-to-assets ratio: 45%Quick ratio: 0.90Days sales outstanding (based on 365-day year): 29.5 daysInventory turnover ratio: 4.0 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Complete the balance sheet and sales information in the table that follows for J. White Industries. Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income StatementInformation Sales $ fill in the blank 2 Cost of goods sold $ fill in the blank 3 Balance Sheet Cash $ fill in the blank 4 Accounts payable $ fill in the blank 5 Accounts receivable $ fill in the blank 6 Long-term debt $…
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Frinner Company has two divisions, A and B, that reported the following results for October: Sales Variable expenses as a percentage of sales .... Segment margin .......... C. d. Division A £90,000 £31,000. £62,000. £93,000. £52,000 70% £2,000 Division B £150,000 If common fixed expenses were £31,000, total fixed expenses must have been a. b. 60% £23,000
A company reports the following:Sales $4,400,000Average total assets 2,000,000Determine the asset turnover ratio. Round to one decimal place.
Operating data from Tindall Company for last year follows: Sales.... $900,000 $500,000 Stockholders' equity Return on investment. 12% Average operating assets 2 Turnover. Residual income. Minimum required rate of return.... Total assets The average operating assets amounted to: Select one: a. $600,000 b. $400,000 c. $500,000 d. $800,000 1.5 ? 10% $800,000
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