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

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...

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Selected data from Division A of Green Company are as follows: Sales $ 490,000 Average investment $ 416,500 Operating income $ 83,300 Minimum rate of return 16 % Division A's asset turnover (AT) is (rounded to two decimal places):
Calculator Data for Divisions A, B, C, D, and E are as follows: a. Determine the missing items. Round rate of return on investment, profit margin, and investment turnover answers to one decimal place when required. Div. Sales Income from Operations Inv. Assets Rate of Return on Inv. Profit Margin Invest. Turnover A $ $35,000 $200,000 % % 1.6 B $455,000 $ $284,375 16% % C $525,000 $73,500 $ % % 1.2 D $800,000 $ $ % 13.0% 2.5 E $ $ $250,000 % 16.0% 2.0 b. Which division is most profitable in terms of income from operations? c. Which division is most profitable in terms of rate of return on investment?
Fill in the blanks: (Round "Return on sales" and "Asset turnover" answers to 2 decimal places.) Division X Y Z Sales $950,000 $640,000 Operating income 95,000 256,000 Investment (assets) 380,000 2,700,000 Return on sales % % 0.60 % Asset turnover 1.00 Return on investment % 8.00 % %
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 residual income? 1) $0 2) $1,500,000 3) $210,000 4) $300,000
General Accounting
Required: The following data pertain to three divisions of Nevada Aggregates, Inc. The company's required rate of return on invested capital is 6 percent. (Round "Capital turnover" answers to 2 decimal places.) Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income Division A $ $ $ $ 9,500,000 1,710,000 $ 9,500,000 $ 18 % 1.00 18 % $ 1,140,000 $ Division B 40,800,000 8,160,000 10,200,000 20 % 4.00 80 % 7,548,000 Division C 20 % 0.90 18 % 501,000
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)
Lousiville Inc. reported the following financial data for one of its divisions for the year; average invested assets of $490,000; sales of $990,000; and income of $113,000. The investment turnover is: Multiple Choice 2.02. 21.30. 433.60. 49.50. 11.40.
Subject: acounting

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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