The following data are for the Akron Division of Consolidated Rubber, Inc: $920,000 $ 62,000 $420,000 $ 92,000 $ 32,000 Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the margin used in ROl calculations was: Multiple Choice 674% 941% 10.00% 10 22%

The following data are for the Akron Division of Consolidated Rubber, Inc: $920,000 $ 62,000 $420,000 $ 92,000 $ 32,000 Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the margin used in ROl calculations was: Multiple Choice 674% 941% 10.00% 10 22%

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...

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The following data are for the Akron Division of Consolidated Rubber, Incorporated: Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the minimum required rate of return was: Multiple Choice O O 22.07% 42.00% 7.04% $ 810,000 $ 57,000 $ 310,000 $ 81,000 $ 21,000 11.61%
The following data are for the Akron Division of Consolidated Rubber, Incorporated: Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the turnover used in ROI calculations was: Multiple Choice O 1.4 3.0 3.3 $750,000 $ 45,000 $ 250,000 $ 75,000 $ 15,000 10.0
You may use the formula in excel
Given the following data: $720,000 $ 51,840 $432,000 $250, 560 $188,800 Average operating assets Total liabilities Sales Contribution margin Net operating income Return on investment (ROI) is: Multiple Cholce 25.0% 15.0% 58.0% O 34.8%
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A7
Given the following data: Average operating assets $ 432,000 Total liabilities $ 54,000 Sales $ 216,000 Contribution margin $ 110,160 Net operating income $ 64,800 Return on investment (ROI) is:
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Chavin Company had the following results during August: net operating income, $300,000; turnover, 4; and ROI 18%. Chavin Company's average operating assets were: Multiple Choice O $1,666,667 $1,200,000 $54,000 $75,000
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