Please help me this question general accounting The records of the Rodney Division showed the following for last year:Sales Revenue $ 2,160,000Accounts Receivable 495,000Operating Assets 1,620,000Operating Income 864,000Taxable Income 562,000What is the capital turnover for the Rodney Division?-.347- .533- 1.333- .400

Step 1: Define Capital Turnover RatioCapital Turnover Ratio is the ratio of net annual sales and…

Answered: The records of the Rodney Division…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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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...

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What is the capital turnover for the Rodney Division?
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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. %
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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.

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The records of the Rodney Division showed the following for last year: Sales Revenue $ 2,160,000 Accounts Receivable 495,000 Operating Assets 1,620,000 Operating Income 864,000 Taxable Income 562,000 What is the capital turnover for the Rodney Division? -.347 - .533 - 1.333 - .400