Selected data from Chering Division's accounting records revealed the following: Sales $ 252,540 Average investment $...
Selected data from Chering Division's accounting records revealed the following:
| Sales | $ | 252,540 | |
| Average investment | $ | 131,300 | |
| Net operating income | $ | 20,700 | |
| Minimum rate of return (divisional cost of capital) | 13 | % | |
Chering Division's asset turnover (AT) is calculated to be:
Multiple Choice
-
6.343.
-
1.586.
-
1.923.
-
4.420.
-
12.200.
Homework Answers
Correct answer------------1.923
Working
| Asset Turnover | |
| Sales (A) | $ 252,540.00 |
| Average Total Assets (B) | $ 131,300.00 |
| Asset Turnover (A/B) | 1.923 |
Add Answer to:
Selected data from Chering Division's accounting records
revealed the following:
Sales
$
252,540
Average investment
$...
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Selected data from Chering Division's accounting records revealed the following: Sales $ 358,600 Average investment $ 163,000 Net operating income $ 24,300 Minimum rate of return (divisional cost of capital) 13 % If the minimum rate of return (i.e., cost of capital) was 12%, Chering Division's residual income (RI) would calculate to be: Multiple Choice $2,920. $4,740. $18,732. $9,480. $8,320.
Selected data from Chering Division's accounting records revealed the following: Sales Average investment Net operating income...
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Given the following data: Average operating assets Total liabilities Sales Contribution margin Net operating income $512,000...
Given the following data: Average operating assets Total liabilities Sales Contribution margin Net operating income $512,000 $ 46,080 $384,000 $215,040 $ 46,080 Return on investment (ROI) is: o 12.0% o 9.0% o 56.0% BR Company has a contribution margin of 11%. Sales are $530,000, net operating Income is $58,300, and average operating assets are $137.000. What is the company's return on investment (ROI? Multiple Choice Ο Ο Ο Last year a company had sales of $370,000, a turnover of 2.6,...
Selected data from Chering Division's accounting records revealed the following: Sales Average investment Net operating income Minimum rate of return (divisional cost of capital) $272,640 $122,700 $ 19, 200 15% Chering Division's return on sales (ROS) is. Multiple Choice oooo
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Selected data from Division A of Green Company are as follows: Sales Average investment Operating income Minimum rate of return $430,000 $206,400 $ 51,600 11% Division A's asset turnover (AT) is (rounded to two decimal places): 1 0 0 0
Consider the following data for three divisions of a company, X, Y, and Z: Divisional: Sales Operating Income Investment in assets $1,468,000 $864,000 $4,601,000 219,400 181,400 233,700 560,500 747,300 2,307,300 The asset turnover (AT) for Division X is (rounded): Multiple Choice 0 0 0 0 0
Consider the following data from two divisions of a company. P and Q. Divisional Sales Operating Income Investment $1,500,000 $ 1,700,000 $ 600,000 $ 680,000 $1,950,000 $ 2,210,000 if the minimum rate of return is 8%, what is Division P's residual income (RI? Multiple Choice $444,000. C) $756.000 o $1,344,000 1452
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