Financial accounting 5.9 5 marks The following data relates to Luna Electronics and itsSmartphone Division.Smartphone Division salesSmartphone Division operating incomeSmartphone Division total assets$6,000,000$600,000Corporate target rate of return$2,500,00012%Corporate weighted average cost of capital 10%Corporate effective tax rate30%What is the Smartphone Division's capital turnover?

Capital Turnover= Sales/Total AssetsWe are given: Sales = $6,000,000Total Assets = $2,500,000After…

Answered: The following data relates to Luna…

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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Selected financial data for Woody Company's Furniture Division is as follows: Sales Operating income Total assets Current liabilities Target rate of return Weighted average cost of capital $2,100,000 $420,000 $1,050,000 $200,000 12% 10% What is Woody Company's Furniture Division return on investment? A) 9.52% B) 40.00% C) 20.00% D) 2000.00%
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The following are selected data for the division for the consumer products of ABC Corp for 2020: Sales P 10,000,000 Average invested capital 4,000,000 Net Income 400,000 Cost of Capital 8% What is the return on investment for the division? 1. 2% 2. 4% 3. 8% 4. 10% 0 1 O 2 O 3 O 4

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