Question



A company that reports segment information had average total assets of $1,562,450 and total net income of $650,700. Segment A
52.5% ОО 50.5%
2

Maxies Game World sold games to a customer on credit for $2,700, terms 2/10,n/30 and the cost of the games was $1,800. When
$2,700 in the Accounts Receivable Dr./Sales Cr. column and $1,800 in the Cost of Goods Sold Dr/Inventory C. column. $1,800 in
3
Maxies Game World sold games to a customer on credit for $4,100, terms 2/10,n/30 and the cost of the games was $3,200. When
$4.100 in the Accounts Receivable Dr./Sales Cr. column and $4,100 in the Cash Cr column. $4,100 in the Cash Dr. column. $3,20
0 0
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Answer #1

SOLUTION

Question 1

Segment return on assets for segment B is 52.5% thus Option D is correct.

Return on assets = Operating income / Average total assets

= $322,400 / 614,650 * 100

= 52.5%

** All questions are independent from each other, so as per HOMEWORKLIB RULES I have answered first question.

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