Zims, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year: E (Click the icon to view the information.) Read the reguirements. Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts to calculate each division's ROI. (Enter your answer as a percent rounded to two decimal places, X.XX%) Operating income Average total assets ROI Residential Data Table Net Sales Revenue Operating Income Average Total Assets Residential 550.000 $ 65,280 $ 192,000 Professional 1,090,000 164,820 402,000 Management has a 26% target rate of return for each division.
Zims, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year: E (Click the icon to view the information.) Read the reguirements. Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts to calculate each division's ROI. (Enter your answer as a percent rounded to two decimal places, X.XX%) Operating income Average total assets ROI Residential Data Table Net Sales Revenue Operating Income Average Total Assets Residential 550.000 $ 65,280 $ 192,000 Professional 1,090,000 164,820 402,000 Management has a 26% target rate of return for each division.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Zims, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year:
E (Click the icon to view the information.)
Read the requirements.
Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places.
Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts to calculate each division's ROI. (Enter your answer as a percent rounded to two decimal places, X.XX%)
Operating income
Average total assets
ROI
Residential
|%
- X
Data Table
Net Sales Revenue
Operating Income
Average Total Assets
Residential
2$
550,000 $
65,280 $
192,000
Professional
1,090,000
164.820
402,000
Management has a 26% target rate of return for each division.
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