The Millard Division's operating data for the past two years are provided below:Year 1Year 2Return on investment10%24%Net operating income$ 740,000Turnover?3MarginSales$ 3,390,000Millard Division's margin in Year 2 was 120% of the margin in Year 1.The sales for Year 2 were:

Solution: To compute the sales, firstly Average operating assets Year 2 will be computed from…

Answered: The Millard Division's operating data…

The Millard Division's operating data for the past two years are provided be Year 1 Year 2 Return on investment 10% 24% Net operating income $ 740,000 Turnover ? Margin ? Sales $ 3,390,000 ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: For its three investment centers, Concord Company accumulates the following data: I Sales $2,280,000…

A: The objective of the question is to calculate the expected return on investment (ROI) for each of…

Q: Assume the Residential Division of Kappy Faucets had the following results last year: Net sales…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Return on Investment, Margin, Turnover Data follow for the Consumer Products Division of Kisler…

A: RETURN ON INVESTMENTReturn on investment is one of the profitability ratios which shows how much…

Q: Orange Corporation has two divisions: Fruit and Flower. The following information for the past year…

A: Return on investment helps in measuring the performance by evaluating the profit and efficiency of…

Q: What was the Legume Division's net operating income last year?

A: Introduction:-Net operating income denotes the capability of a property to produce an income from…

Q: Refer to the following information. What are the average operating assets for Division B? Sales Net…

A: The return on investment is calculated as net income divided by average operating assets. ROI = Net…

Q: Assume the Residential Division of Kopper Faucets had the following results last year: $ 16,000,000…

A: Return on investment helps in measuring the performance by evaluating the profit and efficiency of…

Q: Your Company reported the following: Year 1 Year 2 Year 3 Year 4 Margin 4% 6% 5% 8% Turnover ?…

A: ROI means the return on investment which is calculated by dividing the net operating income with…

Q: The Millard Division's operating data for the past two years are provided below: Year 1 Year 2…

A: Return on investment is profitability ratio which shows operating income earned by investment…

Q: Q12. The corporate Division's operating data for the past two years is as follows: Year 1 Year 2…

A: Compute Year 2 margin from ROI and turnover ROI = margin*turnover 24% = margin * 2 margin = 12%…

Q: The Dry Wall Division reports the following operating data for the past two years: Year 1…

A: The objective of the question is to find the net operating income in Year 2 for the Dry Wall…

Q: 8 Below is the financial information for Columbus Company for the last year. Sales 150,000 ROI 14%…

A: Capital turnover also known as the asset turnover ratio is calculated by using the below formula:…

Q: ata follow for the Consumer Products Division of Kisler Inc.: Year 1 Year 2 ales $9,310,000…

A: The financial ratio analysis is usually carried out by ascertaining four broad categories of ratios…

Q: For its three investment centers, Grouper Company accumulates the following data: Sales Controllable…

A: The investment center is also called the investment division. At investment centers decisions…

Q: The following data pertain to Dakota Division's most recent year of operations. Income $ 17,500,000…

A: Residual income=operating income-(Average invested capital*Minimum desired return)

Q: The following are selected data for the division for the consumer products of ABC Corp for 2020:…

A: The answer for the multiple choice question and the calculation of return on investment for the…

Q: The following information relates to the Quilt Division of TDS Corporation for last year: Sales…

A: Given, Net operating income = $60,000 Average operating assets = $500,000 Minimum required rate of…

Q: The Computer Division's operating data for the past two years are provided below: Year 1…

A: The margin percentage shows the relationship between net income and sales, this percentage shows…

Q: Refer to the following information. What is the turnover for Division C? Sales Net operating income…

A: Return on investment :— It is calculated by dividing net operating income by average operating…

Q: The Electronics Division of Anton Company reports the following results for the current year:…

A: Return on investment is calculated by dividing net operating income by average operating assets.…

Q: The Millard Division's operating data for the past two years are provided below: Year 1 Year…

A: The objective of the question is to find the net operating income for Year 1 of the Millard…

Q: Data follow for the Consumer Products Division of Kisler Inc.: Year 1 Year 2 Sales $9,310,000…

A: Margin = (Net operating income / Sales) Turnover = (Sales / Average operating assets) ROI = (Net…

Q: The residual income for the year was clos

A: Residual Income = Operating Income - (Minimum Required Return x Average Operating assets) Operating…

Q: Back Mountain Industries (BMI) has two divisions: East and West. BMI has a cost-of-capital of 15.8%.…

A: Economic value added is the difference between operating profit and amount of return on invested…

Q: The Central Division of Burlington Company reported the following operating data for the past year…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub- parts for…

Q: company reported the following data for its past 2 years of operation: Year 1 Return on Investment…

A: Solution: Return on investment for year 2 = 20% Required return for year 2 = 10% Residual income =…

Q: Need help with this question

A: Reference: Hayes, A. (2024, April 28). Operating Margin: What it is and the formula for calculating…

Q: The Millard Division's operating data for the past two years are provided below: Return on…

A: Lets understand the basics.Formula for calculating net operating income are,First we will need to…

Q: Sales, Expenses, Invested Assets, Hurdle Rate on Each [LO 10-4, 10-5] Coolbrook Company has the…

A: Return on investment helps in measuring the performance by evaluating the profit and efficiency of…

Q: Provide the missing data in the following table: (Round "Turnover" answers to 1 decimal place.)…

A: Financial ratios are a way for a company to evaluate its financial position. These ratios assist in…

Q: The following data pertain to Dakota Division's most recent year of operations. Income $ 16,000,000…

A: Income = $16,000,000 Average invested capital = $185,000,000 Return on invested capital = 14%

Q: QUESTION: BRANDON INC. HAS PROVIDED THE FOLLOWING DATA FOR LAST YEAR'S OPERATIONS: SALES NET…

A: Step 1: Identify the Net Operating Income.Step 2: Identify the Average Operating Assets.Step 3:…

Q: The following data pertain to Dakota Division's most recent year of operations.

A: Sales Margin: This ratio tells us how much profit is generated over a company's sales. It is…

Q: Prblm

A: Approach to solving the question:Please see attached photos for detailed solutions. Thank…

Q: The sales for Year 2 were: Multiple Cholce $1,583,333 $3,210,000 $6,333,333 $6,666,666

A: Introduction:- First we need to calculate margin Margin =Return on investment / Turnover x 100 =0.24…

Q: The following data has been provided for a company’s most recent year of operations: Return on…

A: In non-public finance, residual earnings can talk over with an individual's discretionary earnings,…

Q: The following information relates to last year's operations at the Legumes Division of Gervani…

A: Operating Assets Turnover = (Sales / Average Operating Assets)Return On Investment = (Net Operating…

Q: ABC Company had the following results for this $22,000 Net Operating Income Turnover ROI 4 16%

A: Return On Investment (ROI) = (Net Operating Income / Average Operating Assets) X 100 Assets…

Q: The Millard Division's operating data for the past two years are provided below: Year 1 Year 2…

A: Net operating income is the total amount of profit before tax after considering the value of total…

Q: Adams Cough Drops operates two divisions. The following information pertains to each division for…

A: Residual income is the remaining income after distributing the profits to the shareholders. The…

Q: company has the following information available for three of its divisions. COMPANY INFORMATION FOR…

A: Sales Revenue Is Calculated By Dividing The Net Operating Income With The Profit Margin Ratio.Sales…

Q: Want Correct Answer

A: Step 1: Calculate Average Operating Assets using Turnover Formula: Average Operating Assets= Sales/…

Q: ABC Company operates two divisions with the following operating Information for the month of May.…

A: ROI is a performance measure used to evaluate the efficiency or profitability of an investment. ROI…

Q: The Wombat Division of Ocelot Induction Systems reported the following financial data for the year…

A: Return on investment means the amount of profit or return earned by the entity by investing in a…

Q: Need Answer Pls provide fast..

A: Step 1: Asset turnoverHere, we calculate average operating assets based on the asset turnover ratio…

Q: Refer to the following information. What are the sales for Division B? Sales Net operating income…

A: The business entities are required to subtract all running costs from all income received so as to…

Question

The Millard Division's operating data for the past two years are provided below:
Year 1
Year 2
Return on investment
10%
24%
Net operating income
$ 740,000
Turnover
?
3
Margin
Sales
$ 3,390,000
Millard Division's margin in Year 2 was 120% of the margin in Year 1.
The sales for Year 2 were:

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Answer the part 4 only
The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1 12% Year 2 36% ? $ 480,000 ? 3 ? ? $ 3,260,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: (Round your intermediate percentage calculations to the nearest whole percent.) Multiple Choice $320,000 $260,800 $391,200 $782,400
Company A Company B Company C Sales $2,448,000 $1,665,000 Net operating income $318,240 $266,400 Average operating assets $1,530,000 $2,550,000 Margin 13 % 16 % 4 % Turnover 1.60 2.10 Return on investment (ROI) 0.21 % 8.00 % %
From the following information, compute percent change in operating income for the current year. Sales for the previous year $210,000 Contribution margin 181,000 Fixed costs 125,000 Operating income 36,000 Assume that sales for the current year increased by 17%. a.86% b.92% c.74% d.96%
Meman
Hi expart give correct answer
• The following are selected data for the division for the consumer products of ABC Corp for 2019: Sales 50,000,000 Average invested capital (assets) 20,000,000 Net income 2,000,000 Cost of capital 8% What is the return on investment for the division? 1. 2% 2. 4% 3. 8% 4. 10% О1 O 2 3 O 4
Assume the Residential Division of Kipper Faucets had the following results last year: What is the division’s RI? a. $(140,000) b. $104,000 c. $140,000 d. $(104,000)
The Millard Division's operating data for the past two years are provided below: Year 1 Return on investment Net operating income Turnover Margin Sales 10% ? ? ? Year 2 24% $ 380,000 4 ? $ 3,210,000 Millard Division's margin in Year 2 was 120% of the margin in Year 1. The net operating income for Year 1 was: Note: Round your intermediate percentage calculations to the nearest whole percent. ?
Assume division 1 of the XYZ Company had the following results last year (in thousands) Management's required rate of return is 81% and the weighted average cost of capital is 6% Its effective tax rate is 30% Sales$ 9,000,000 Operating expenses $ 1,200,000 Operating income $1,500,000 Total revenue$ 2,000,000 Total assets $ 12,000,000 Current liabilities$ 5,000,000 What is the division's residual income? $100,000 $200,000 $500, 000 $ 540,000 Assume division 1 of the XYZ Company had the following results last year (in thousands). Management's required rate of return is 8% and the weighted average cost of capital is 6% effective tax rate is 30% . \table [[Sales, $9, 000, 000
10q-3
Avoid image in Solutions thanx