The records of the Furniture Division of Archoo Corporation show the following for last year: Sales Revenue Account receivable $2,160,000 $496,000 Operating Assets (invested capital) $1,620,000 Operating income $864,000 What is the sales margin for the division? a. 0.533. b. 1.333. c. 0.400. d. 0.347.

The records of the Furniture Division of Archoo Corporation show the following for last year: Sales Revenue Account receivable $2,160,000 $496,000 Operating Assets (invested capital) $1,620,000 Operating income $864,000 What is the sales margin for the division? a. 0.533. b. 1.333. c. 0.400. d. 0.347.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

See similar textbooks

Similar questions

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%
Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: At the beginning of last year, Elway had 28,300,000 in operating assets. At the end of the year, Elway had 23,700,000 in operating assets. Required: 1. Compute average operating assets. 2. Compute the margin and turnover ratios for last year. (Note: Round the answer for margin ratio to two decimal places.) 3. Compute ROI. (Note: Round answer to two decimal places.) 4. CONCEPTUAL CONNECTION Briefly explain the meaning of ROI. 5. CONCEPTUAL CONNECTION Comment on why the ROI for Elway Company is relatively high (as compared to the lower ROI of a typical manufacturing company).
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 Textile Division of Electrotech Corporation reported the following results for a recent year Sales $9,000,000 Expenses 7,500,000 Total assets (1/1) 6,000,000 Total assets (12/31) 6,200,000 Refer to the Textile Division. What was the profit margin for The Textile Division? Select one: а. 17% b. 24% C. 69% d. 25%
Emery Wares is a division of a major corporation. The following data are for the latest year of operations: SALES $14,720,000 NOI $ 1,000,960 AVERAGE OPERATING ASSETS $ 4,000,000 MINIMUM RATE OF RETURN 14% What is the return on investment for Emery? Please express as a number without the % emblem i.e. 15 not 15% or 5.2 not 5.2%. Round to 2 decimals
A7
Division D of Saunders Company has sales of $350,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. The profit margin for Division D is a. 49.1% b. 42.9% c. 83.4% d. 65.7%
Dickonson Products is a division of a major corporation. The following data are for the last year of operations: Sales... $16,640,000 $399,360 Net operating income Average operating assets $4,000,000 The company's minimum required rate of return. 18% The division's residual income is closest to: Select one: a. $(320,640) b. $1,119,360 c. $399,360 d. $(2,595,840)
During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of $5,040,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. times B. Assume sales margin is 6.5%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. %
During the current year, Sokowski Manufacturing earned income of $206,500 from total sales of $3,500,000 and average capital assets of $10,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. B. Assume sales margin is 5.9%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.
The following information relates to the Quilt Division of TDS Corporation for last year:Sales $200,000Net operating income $60,000Average operating assets $500,000Minimum required rate of return 10%The divisions residual income is closest to? 50,000 10,000 140,000 40,000
Scribe Company, a manufacturer of writing instruments, provides the following financial information: Operating income Net sales Total assets at Jan. 1 Pen Division Pencil Division $100,000 $30.000 $500,000 $150,000 $580,000 $255,000 $610,000 $275,000 Total assets at Dec. 31 Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.) OA. 11.32% OB. 10.91% OC. 11.76% OD. 16.81%