Question

Dacker Products is a division of a major corporation. The following data are for the most...

Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales $ 37,380,000
Net operating income $ 3,258,960
Average operating assets $ 8,900,000
The company's minimum required rate of return 16 %

The division's margin used to compute ROI is closest to:

0 0
Add a comment Improve this question Transcribed image text
Answer #1

margin=Net operating income/Sales

=3,258,960/37,380,000

which is equal to

=8.72%(Approx).

Add a comment
Know the answer?
Add Answer to:
Dacker Products is a division of a major corporation. The following data are for the most...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Dacker Products is a division of a major corporation. The following data are for the most...

    Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating income Average operating assets The company's minimum required rate of return $37, 280,000 $ 3,208,960 $ 8,800,000 14% The division's margin used to compute ROI is closest to:

  • Dacker Products is a division of a major corporation. The following data are for the most...

    Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating income Average operating assets The company's minimum required rate of return $37,980,000 $ 3,558,960 $ 9,500,000 16% The division's margin used to compute ROI is closest to: Multiple Choice O 9.4% O 37.5% O 34.4% The division's margin used to compute ROI is closest to: Multiple Choice Ο 9.4% Ο 37.5% Ο Ο 34,4% 34.4% Ο Ο...

  • TB MC Qu. 10-131 Dacker Products is a division of a major... Dacker Products is a...

    TB MC Qu. 10-131 Dacker Products is a division of a major... Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating income Average operating assets The company's minimum required rate of return $37,380,000 $ 3,258,960 $ 8,900,000 16% The division's margin used to compute ROI is closest to: Multiple Choice 32.5% < Prev 32 of 40 !!! Next > Opte 9 0 ere to search We...

  • Dacker Products is a division of a major corporation. The following data are for the most recent year of operations...

    Dacker Products is a division of a major corporation. The following data are for the most recent year of operations Sales $37,880,000 $ 3,508,960 $ 9,400,000 Net operating income Average operating assets The company's minimum required rate of return 14% The division's margin used to compute ROI is closest to:

  • 2. Cabell Products is a division of a major corporation. Last year the division had total...

    2. Cabell Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and average operating assets of $4,778,400. The company's minimum required rate of return is 15%. The division's margin is closest to: Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating income Average operating assets The company's minimum required rate of return $38,380,000...

  • 2. Gabbe Industries is a division of a major corporation. Last year the division had total...

    2. Gabbe Industries is a division of a major corporation. Last year the division had total sales of $19,293,750, net operating income of $2,267,016, and average operating assets of $8,575,000. The company's minimum required rate of return is 20% Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer...

  • Cabell Products is a division of a major corporation. Last year the division had total sales...

    Cabell Products is a division of a major corporation. Last year the division had total sales of $25,060,000, net operating income of $1,503,600, and average operating assets of $7,518,000. The company's minimum required rate of return is 19 % The division's margin is closest to:

  • Aqustin Industries is a division of a major corporation. Data concerning the most recent year appears...

    Aqustin Industries is a division of a major corporation. Data concerning the most recent year appears below Sales $18,150,000 $1,125,300 Net operating income Average operating assets 4,900,000 The division's return on investment (ROI) is closest to:

  • Cabell Products is a division of a major corporation. Last year the division had total sales...

    Cabell Products is a division of a major corporation. Last year the division had total sales of $26,050,000, net operating income of $1,745,350, and average operating assets of $6,512,500. The company's minimum required rate of return is 10%. The division's margin is closest to: Multiple Choice 6.7% 26.8% 67.0% 25.0%

  • Agustin Industries is a division of a major corporation. Data concerning the most recent year appears...

    Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below. Sales Net operating income Average operating assets $17,000,000 $ 1,581,000 $5,000,000 The division's return on investment (ROI) is closest to: Multiple Choice O 31.62% O 72% C The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating income Average operating assets Stockholders' equity Residual income $750,000 $ 45,000 $ 250,000 $ 75,000 $ 15,000 For the past year,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT