Questions 1 through 6 are based on the information provided below. The sales, income from operations,...
Questions 1 through 6 are based on the information provided
below. The sales, income from operations, and invested assets for
Johnson Company are as follows:
Chapter 24 Homework Question 1: (0.5 point) Required: Using the
Dupont formula, calculate the profit margin for Division E. When
entering the answers in Blackboard, omit $ signs. Round all
calculations to one decimal place.
Chapter 24 Homework Question 2: (0.5 point) Required: Using the
Dupont formula, calculate the investment turnover for Division E.
When entering the answers in Blackboard, omit $ signs. Round all
calculations to one decimal place.
Chapter 24 Homework Question 3: (0.5 point) Required: Using the
Dupont formula, calculate the rate of return on investment for
Division E. When entering the answers in Blackboard, omit $ signs.
Round all calculations to one decimal place.
Chapter 24 Homework Question 4: (0.5 point) Required: Using the
Dupont formula, calculate the profit margin for Division F. When
entering the answers in Blackboard, omit $ signs. Round all
calculations to one decimal place.
Chapter 24 Homework Question 5: (0.5 point) Required: Using the
Dupont formula, calculate the investment turnover for Division F.
When entering the answers in Blackboard, omit $ signs. Round all
calculations to one decimal place.
Chapter 24 Homework Question 6: (0.5 point) Required: Using the
Dupont formula, calculate the rate of return on investment for
Division F. When entering the answers in Blackboard, omit $ signs.
Round all calculations to one decimal place.
Sales Income from operations
Invested Assets
Division E $4,000,000 $552,000 $2,500,000 Division F 4,800,000
600,000 1,920,000
Homework Answers
Question 1: (0.5 point) Required: Using the Dupont formula, calculate the profit margin for Division E.
Profit margin= Income from operations/Sales
Division E= $552000*100/4000000= 13.8%
Question 2: (0.5 point) Required: Using the Dupont formula, calculate the investment turnover for Division E.
Investment turnover= Sales/Invested assets
= $4000000/2500000= 1.6
Question 3: (0.5 point) Required: Using the Dupont formula, calculate the rate of return on investment for Division E.
Rate of return on investment= Profit margin*Investment turnover
= 13.8%*1.6= 22.1%
Question 4: (0.5 point) Required: Using the Dupont formula, calculate the profit margin for Division F.
Profit margin= Income from operations/Sales
Division F= $600000*100/4800000= 12.5%
Question 5: (0.5 point) Required: Using the Dupont formula, calculate the investment turnover for Division F.
Investment turnover= Sales/Invested assets
= $4800000/1920000= 2.5
Question 6: (0.5 point) Required: Using the Dupont formula, calculate the rate of return on investment for Division F.
Rate of return on investment= Profit margin*Investment turnover
= 12.5%*2.5= 31.3%
Add Answer to:
Questions 1 through 6 are based on the information provided
below. The sales, income from operations,...
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