The following information is available for our company for the current year: Operating income $75,000 Average total assets $500,000 Net sales $750,000 Required rate of return 12% Calculate residual income. a. ($15,000) b. $15,000 c. ($60,000) d. $60,000
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- Financial AccountingThe following information is available on Company A: Sales Operating Income $900,000 $36,000 Shareholders' Equity Average Operating Assets $100,000 $180,000 Minimum Required Rate of Return 15% What is the fixed asset turnover for Company A? ○ 25 ○ 5 O 9 O2The Holmes Division recorded operating data as follows for the past year: Sales Operating Income Average Operating Assets Shareholders' Equity Residual Income $200,000 $ 25,000 $100,000 $ 80,000 $ 13,000 For the past year, what was the minimum required rate of return? A) B) C) D) 12%. 11%. 14%. 13%.
- A company reported the following for its most recent year of operations: Return on investment Average operating assets Minimum required rate of return 20% $170,000 15% Given this information, the residual income for the year was: 24Bajaj Ltd. reported the following statistics and results for 2020: Net operating income Return on sales $ 54,000 Asset turnover 2.5 Residual income $ 10,880 Required: 1. What was the value of Bajaj's average operating assets in 2020? Average operating assets 2 If the required rate of return is 7% what Is the ROI? (Round your answer to 2 decimal places.) ROIData table Operating income $ 9,100 Total assets $ 14,000 Current liabilities $ 4,400 Sales $ 35,000 Target rate of return 15% Print Done - Results from Prime Corporation's most recent year of operations are presented in the following table. (Click the icon to view the information.) Requirements 1. Calculate the sales margin, capital turnover, and return on investment (ROI). 2. Calculate the residual income (RI). Requirement 1. Calculate the sales margin, capital turnover, and return on investment (ROI). First enter the formula, then calculate the sales margin. + = Sales margin
- Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,170,000 in invested assets, sales of $1,236,000, income from operations amounting to $235,000, and a desired minimum return of 12%. The residual income for Mason Corporation is Oa. $132,440 Ob. $94,600 Oc. So Od. ($5,800) Previous Next 7:35 PM CP 12/13/2020 近The following data has been provided for a company’s most recent year of operations: Return on investment 40% Average operating assets $ 60,000 Minimum required rate of return 18% The residual income for the year was closest to: Multiple Choice $19,200 $13,200 $18,000 $23,000
- The following selected data pertain to the belt division of Allen Corp. for last year: * Sales $2,000,000 * Average operating assets $500,000 * Net operating income $300,000 * Turnover 4.0 * Minimum required return 18% How much is the residual income? 1) $0 2) $1,500,000 3) $210,000 4) $300,000Provide this question solution general accountingPollack Industries provides the following information: Desired rate of return 8% Cost of assets Annual profit before depreciation expense Annual depreciation expense $720,000 $330,000 $35,000 In determining ROI and residual income, the company uses the book value of assets at the beginning of a year. 1. Compute ROI for the third year: % 2. Compute residual income for the sixth year: $