Krall company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance. Measurements including components of the return on investment calculations.
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Homework Answers
Case A:
Profit Margin = Operating Income / Sales Revenue
Profit Margin = $48,000 / $709,000
Profit Margin = 6.77%
Investment Turnover = Sales Revenue / Average Invested
Assets
Investment Turnover = $709,000 / $1,520,000
Investment Turnover = 0.47
Return on Investment = Operating Income / Average Invested
Assets
Return on Investment = $48,000 / $1,520,000
Return on Investment = 3.16%
Case B:
Profit Margin = Operating Income / Sales Revenue
0.11 = $124,278 / $709,000
Sales Revenue = $1,129,800
Return on Investment = Operating Income / Average Invested
Assets
Return on Investment = $124,278 / $2,690,000
Return on Investment = 4.62%
Case C:
Profit Margin = Operating Income / Sales Revenue
0.15 = Operating Income / $2,136,000
Operating Income = $320,400
Investment Turnover = Sales Revenue / Average Invested
Assets
1.20 = $2,136,000 / Average Invested Assets
Average Invested Assets = $1,780,000
Return on Investment = Operating Income / Average Invested
Assets
Return on Investment = $320,400 / $1,780,000
Return on Investment = 18.00%
Case D:
Investment Turnover = Sales Revenue / Average Invested
Assets
2.60 = $513,000 / Average Invested Assets
Average Invested Assets = $197,307.69
Return on Investment = Operating Income / Average Invested
Assets
0.1280 = Operating Income / $197,307.69
Operating Income = $25,255.38
Profit Margin = Operating Income / Sales Revenue
Profit Margin = $25,255.38 / $513,000
Profit Margin = 4.92%
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Styles Krall Company recently had a computer malfunction and lost a portion of its accounting records....
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