Provide correct option general accounting question The following is selected data for Coastal Manufacturing:SalesNet IncomeTotal Current Assets20232022$1,850,000 $1,720,000$196,000 $153,000$285,000 $260,000Property, Plant and Equipment $825,000 $790,000The return on assets for 2023 was:A. 18.15%B. 17.65%C. 22.64%D. 15.74%

Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…

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Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of $30,000, and invested assets of $600000. What is the return on investment for Division A? A. 20% B. 25% C. 33% D. 40%
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What do these numbers say about the company?
Calculate Asset Turnover for 2021 using the following information: Net Income Net Sales Total Assets 20% 73% 64% 53% 2020 $2,500,000 $5,000,000 $10,000,000 2021 $3,000,000 $8,000,000 $15,000,000 Listen
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Sales $1,561,836 Operating Income $87,385 Total Assets (investment) $517,201 Target Rate of Return (Cost of Capital) 15% What is return on investment? Input your answer to 1 decimal place. For example if you calculate .1892 enter 18.9.
The 2023 annual report for Pronghorn Industries Inc. contained the following information: Dec. 31, 2022 Dec. 31, 2023 Total assets 561,000 605,000Total liabilities 65,400 88,900Net revenue 410,000 530,000Net income 54,000 32,000 Calculate the rate of return on assets using profit margin for 2023
Bajaj 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.) ROI
Presented below is information related to the Southern Division of Lumber, Inc. Contribution margin$1,235,600Controllable margin$931,270Average operating assets$4,049,000Minimum rate of return16% Compute the Southern Division’s return on investment and residual income. Return on investment%Residual income$
Operating data for Windsor Corporation are presented below. Net sales 2020 $570,000 Cost of goods sold 387,600 Operating expenses 136,800 Net income 45,600 Prepare a schedule showing a vertical analysis for 2020. $ Amount Percent % % % do

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The following is selected data for Coastal Manufacturing: Sales Net Income Total Current Assets 2023 2022 $1,850,000 $1,720,000 $196,000 $153,000 $285,000 $260,000 Property, Plant and Equipment $825,000 $790,000 The return on assets for 2023 was: A. 18.15% B. 17.65% C. 22.64% D. 15.74%