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
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- The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Multiple Choice O $264,800 $232,000 $99,300 Year 1 $132,400 15% ? 77 ? $ 3,310,000 Millard Division's margin in Year 2 was 130% of the margin in Year 1. The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole ? Year 2 20% $ 580,000 5 ? ?The Millard Division's operating data for the past two years are provided below: Year 2 20% $ 520,000 5 ? ? Return on investment Net operating income Turnover Margin Sales Multiple Choice $ 3,280,000 Millard Division's margin in Year 2 was 140% of the margin in Year 1. The net operating income for Year 1 was: (Round inter ediate percentage computations to the nearest whole percent.) O $98,400 $208,000 $262,400 Year 1 $131,200 15% ? ? ?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. ?
- The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12 % 36 % Net operating income ? $ 660,000 Turnover ? 3 Margin ? ? Sales $ 3,350,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole percent.) Multiple Choice $440,000 $268,000 $402,000 $804,000Kyle Corporation provides the following information for the Product Division and Service Division for the year. Product Division Service Division 420,000 $ 650,000 195,000 245,000 640,000 610,000 14.0% 14.0% Net sales Operating income Average total assets Target rate of return $ Requirement 1. Calculate the return on investment for each division. (Enter answers as a percent rounded to the nearest hundredth percent, X.XX%) The return on investment for the Product Division is The return on investment for the Service Division is Requirement 2. Which division has the highest ROI? % % Requirement 3. Calculate the residual income for each division. (Round answers to the nearest whole dollar.) The residual income for the Product Division is The residual income for the Service Division is Requirement 4. Which division has the highest residual income?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 Electronics Division of Anton Company reports the following results for the current year: Revenues Operating expenses Operating income Operating assets Multiple Choice Anton Company has set a target return on investment (ROI) of 12% for the Electronics Division. The Electronic Division's return on investment is: O 11.36%. $490,000 $440,000 8.33%. $ 50,000 $600,000Durand Division has the following results for the year: Revenues $470,000Net income 130,000Total divisional assets are $625,000. The company's minimum required rate of return is 12 percent. Residual income for Durand is?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 return on investment? 1) 60% 2) 33% 3) 18% 4) 15%
- Coolbrook Company has the following information available for the past year: River Stream Division Division Sales revenue $1,200,000 900,000 $1,800,000 1,300,000 Cost of goods sold and operating expenses Net operating income $ 300,000 $ 500,000 Average invested assets $1,200,000 $1,800,000 The company's hurdle rate is 6 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. 2. Recalculate ROI and residual income for each division for each independent situation that follows: a. Operating income increases by 10 percent. b. Operating income decreases by 10 percent. c. The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. d. Coolbrook changes its hurdle rate to 10 percent. Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Req 28 Reg 20 Reg 2D Calculate return on investment (ROI) and residual income for each division for last year. (Enter your ROI…Jordan Company has two divisions, which reported the following results for the most recent year. Division I Division II Income ₱ 02,700,000 ₱ 00,600,000 Average invested capital ₱ 18,000,000 ₱ 03,000,000 ROI 15% 20% Imputed interest rate = 10% What is the residual income of Division II? Group of answer choices ₱ 0 ₱ 300,000 ₱ 900,000 ₱ 294,000The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return Return on investment (ROI) Sales Turnover (on operating assets) What was the Legume Division's net operating income last year? Multiple Choice O $72,000 O $52,500 $19,500 $24,000 7% 9.6% $750,000 3 times