The Southern Division of Schuler Enterprises recorded operating data as follows for the past year: Sales $600,000 75,000 Net operating income Average operating assets 300,000 Stockholders' equity Residual income 240,000 39,000 What was the margin for the past year?
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- Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%The Holmes Division recorded operating data as follows for the past year: Sales Operating Income Average Operating Assets Shareholders' Equity Residual Income $200,000 $ 25,000 $100,000 $ 80,000 $ 13,000 For the past year, what was the minimum required rate of return? A) B) C) D) 12%. 11%. 14%. 13%.Assume the following sales data for a company:Current year$832,402 Preceding year608,082What is the percentage increase in sales from the preceding year to the current year? a.136.89% b.36.89% c.73.05% d.26.95% The relationship of $242,729 to $104,267, expressed as a ratio, is a.0.8 b.2.3 c.0.4 d.0.7
- The following data are for the Akron Division of Consolidated Rubber, Incorporated: Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the minimum required rate of return was: Multiple Choice O O 22.07% 42.00% 7.04% $ 810,000 $ 57,000 $ 310,000 $ 81,000 $ 21,000 11.61%Assume the following sales data for a company: Current year $770,668 Preceding year 635,551 What is the percentage increase in sales from the preceding year to the current year? a.121.26% b.17.53% c.82.47% d.21.26%Suppose that you are given the following data for Niles Company : Note: The data and calculations are based on a 365-day year. Cash and equivalents Fixed assets Sales Net income Current liabilities Current ratio DSO ROE The current ratio is equal to assets value of Return on equity (ROE) is to approximately $225,000 $650,000 $2,500,000 $112,500 $240,000 2.5 18.25 12.00% The days sales outstanding (DSO) ratio is equal to accounts receivable balance of Plugging in the relevant values for the current ratio and current liabilities, and then solving yields a current . Adding fixed assets to current assets yields a value of total assets of Recall the following identity: Recall that Total Assets = Total Liabilities and Equity. Plugging in the relevant values for ROE and net income yields a value of total common equity of Mathematically, total liabilities and equity is equal to ▼. Plugging in the relevant values for total liabilities and equity, current liabilities, and equity (calculated…
- Calculating the Average Total Assets and the Return on Assets The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as follows: Santiago Systems Income Statement For the Year Ended December 31, 20X2 Amount Percent Net sales $5,345,000 100.0% Less: Cost of goods sold (3,474,250) 65.0 Gross margin $1,870,750 35.0 Less: Operating expenses (1,140,300) 21.3 Operating income $730,450 13.7 Less: Interest expense (27,000) 0.5 Income before taxes Less: Income taxes (40%)* $703,450 13.2 (281,380) 5.3 Net income $422,070 7.9 * Includes both state and federal taxes.The following data are for the Akron Division of Consolidated Rubber, Incorporated: Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the turnover used in ROI calculations was: Multiple Choice O 1.4 3.0 3.3 $750,000 $ 45,000 $ 250,000 $ 75,000 $ 15,000 10.0The following data pertain to Turk Company's operations last year: Sales Net operating income Contribution margin Average operating assets Stockholders' equity Plant, property, & equipment Turk's return on investment for the year was: Multiple Choice O O 20% 4% 36% 15% $ 900,000 $ 36,000 $ 150,000 $ 180,000 $ 100,000 $ 120,000