Homework Answers
Solution:
| Particulars | Beverage | Cheese |
| Average investment | $2,627.50 | $4,427.50 |
| target return | 7% | 7% |
| Target income | $183.93 | $309.93 |
| Operating income | $349.00 | $634.00 |
| Target income | $183.93 | $309.93 |
| Residual income | $165.08 | $324.08 |
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Kraft Foods Group reports the following for two of its divisions for a recent year. All...
Kraft Foods Group reports the following for two of its divisions for a recent year. All...
Kraft Foods Group reports the following for two of its divisions for a recent year. All numbers are in millions of dollars. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Cheese Division Division $ 2.662 $ 4.455 2.593 4.400 2,6813 ,925 349 634 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division (Enter your answer in millions.) (5 millions) Average assets Targeted return2 Target income...
IN Required information Use the following information for the Exercises below. [The following information applies to...
IN Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. (5 millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,662 2,593 2.681 349 Cheese Division $4,455 4.400 3,925 634 Exercise 09-13 Residual income LO A1 Assume that each of the company's divisions has a required rate of return of 7%. Compute...
Required information The following information applies to the questions displayed below.] Pritchard Company reports the below...
Required information The following information applies to the questions displayed below.] Pritchard Company reports the below for its beverage and cheese divisions. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,696 2,610 2,698 366 Cheese Division $4,489 4,417 3,942 651 Each of the company's divisions has a required rate of return of 7%. For each division, compute residual income (Enter your in millions.) Answer is not complete. Cheese Beverage 366 x $ X (5 millions) Target...
Pritchard Company reports the below for its beverage and cheese divisions. ($millions) Beverage Division Cheese Division...
Pritchard Company reports the below for its beverage and cheese divisions. ($millions) Beverage Division Cheese Division Invested assets, beginning $ 2,692 $ 4,485 Invested assets, ending 2,608 4,415 Sales 2,696 3,940 Operating income 364 649 Each of the company’s divisions has a required rate of return of 5%. For each division, compute residual income. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income
A food manufacturer reports the following for two of its divisions for a recent year. Beverage...
A food manufacturer reports the following for two of its
divisions for a recent year.
Beverage Division $2,684 2,604 2,692 Cheese Division $4,477 4,411 3,936 (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income 360 645
Required information [The following information applies to the questions displayed below.) Pritchard Company report...
Required information [The following information applies to the questions displayed below.) Pritchard Company reports the below for its beverage and cheese divisions. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,692 2,608 2,696 Cheese Division $4,485 4.415 3,940 364 Each of the company's divisions has a required rate of return of 5%. For each division, compute residual income. (Enter your answers In millions.) (5 millions) Beverage Cheese Targeted return Target income Residual income Beverage Cheese I...
! Required information [The following information applies to the questions displayed below.] A food manufacturer reports...
! Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. Cheese Division $5,700 5,600 Beverage Division $3,000 ($millions) Invested assets, beginning Invested assets, ending Sales 2,900 2,694 3,938 Operating income 362 647 Assume that each of the company's divisions has a required rate of return of 8.00%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted...
Hp Save & Exit Required information The following information applies to the questions displayed below) A...
Hp Save & Exit Required information The following information applies to the questions displayed below) A food manufacturer reports the following for two of its divisions for a recent year otto of 821100) (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Cheese Division Division $2.450 $4,600 4,500 2.6833 ,927 351 2,350 Assume that each of the company's divisions has a required rate of return of 8.00%. Compute residual income for each division (Enter your answers in millions.)...
! Required information [The following information applies to the questions displayed below.] A food manufacturer report...
! Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year Cheese Beverage Division ($millions) Division Invested assets, beginning Invested assets, ending Sales $6,100 6,000 3,942 710 $3,200 3,100 2,698 366 Operating income Assume that each of the company's divisions has a required rate of return of 10.00%. Compute residual income for each division. |(Enter your answers in millions.) ($ millions) Beverage Cheese Targeted...
Beverage Division $2,800 2,700 2,690 358 Cheese Division $5,300 5,200 3,934 643 (Smillions) Invested assets, beginning...
Beverage Division $2,800 2,700 2,690 358 Cheese Division $5,300 5,200 3,934 643 (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Assume that each of the company's divisions has a required rate of return of 8.00%. Compute residual income for each division. (Enter your answers in millions.) (S millions) Beverage Cheese Targeted retun Target income Residual Income Beverage Cheese Residual income
Kraft Foods Group reports the following for two of its divisions for a recent year. All numbers are in millions of dollars. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Cheese Division Division $ 2.662 $ 4.455 2.593 4.400 2,6813 ,925 349 634 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division (Enter your answer in millions.) (5 millions) Average assets Targeted return2 Target income...
IN Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. (5 millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,662 2,593 2.681 349 Cheese Division $4,455 4.400 3,925 634 Exercise 09-13 Residual income LO A1 Assume that each of the company's divisions has a required rate of return of 7%. Compute...
Required information The following information applies to the questions displayed below.] Pritchard Company reports the below for its beverage and cheese divisions. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,696 2,610 2,698 366 Cheese Division $4,489 4,417 3,942 651 Each of the company's divisions has a required rate of return of 7%. For each division, compute residual income (Enter your in millions.) Answer is not complete. Cheese Beverage 366 x $ X (5 millions) Target...
A food manufacturer reports the following for two of its
divisions for a recent year.
Beverage Division $2,684 2,604 2,692 Cheese Division $4,477 4,411 3,936 (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income 360 645
Required information [The following information applies to the questions displayed below.) Pritchard Company reports the below for its beverage and cheese divisions. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,692 2,608 2,696 Cheese Division $4,485 4.415 3,940 364 Each of the company's divisions has a required rate of return of 5%. For each division, compute residual income. (Enter your answers In millions.) (5 millions) Beverage Cheese Targeted return Target income Residual income Beverage Cheese I...
! Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. Cheese Division $5,700 5,600 Beverage Division $3,000 ($millions) Invested assets, beginning Invested assets, ending Sales 2,900 2,694 3,938 Operating income 362 647 Assume that each of the company's divisions has a required rate of return of 8.00%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted...
Hp Save & Exit Required information The following information applies to the questions displayed below) A food manufacturer reports the following for two of its divisions for a recent year otto of 821100) (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Cheese Division Division $2.450 $4,600 4,500 2.6833 ,927 351 2,350 Assume that each of the company's divisions has a required rate of return of 8.00%. Compute residual income for each division (Enter your answers in millions.)...
! Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year Cheese Beverage Division ($millions) Division Invested assets, beginning Invested assets, ending Sales $6,100 6,000 3,942 710 $3,200 3,100 2,698 366 Operating income Assume that each of the company's divisions has a required rate of return of 10.00%. Compute residual income for each division. |(Enter your answers in millions.) ($ millions) Beverage Cheese Targeted...
Beverage Division $2,800 2,700 2,690 358 Cheese Division $5,300 5,200 3,934 643 (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Assume that each of the company's divisions has a required rate of return of 8.00%. Compute residual income for each division. (Enter your answers in millions.) (S millions) Beverage Cheese Targeted retun Target income Residual Income Beverage Cheese Residual income
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