The Portland Division's operating data for the past two years is
as follows:
Year 1 Year 2
Return on investment 12% 33%
Net operating income$? $495,000
Turnover ? 2
Margin ? ?
Sales$2,320,000 ?
The Portland Division's margin in Year 2 was 150% of the margin for
Year 1.
The turnover for Year 1 was:
Noreen 4e Rechecks 2017-31-03, 2017-17-04
rev: 07_17_2019_QC_CS-173103
13.00
1.96
1.09
3.00
Last year the Uptown Division of Gorcen Enterprises had sales of
$645,000 and a net operating income of $70,950. The average
operating assets at Uptown last year amounted to $284,000.
Last year at Uptown the margin used to calculate ROI amounted
to:
11%
15%
25%
44%
1. calculate the turnover for Year 1 as follows: | ||
Year 1 | Year 2 | |
Return on investment | 12% | 33% |
Net operating income | 255200 | 495000 |
Average operating assets | 2126667 | 1500000 |
Turnover | 1.09 | 2 |
Margin | 11.0% | 16.5% |
Sales | 2320000 | 3000000 |
Therefore, | ||
The turnover for Year 1 was 1.09 | ||
2. Calculate the margin used to calculate ROI last year at Uptown as follows: | ||
Net operating income | 70950 | |
Sales | 645000 | |
Margin | 11% | |
Therefore, | ||
Last year at Uptown the margin used to calculate ROI amounted to 11% |
Above figures have been calculated in the following manner:
1. calculate the turnover for Year 1 as follows: | ||
Year 1 | Year 2 | |
Return on investment | 0.12 | 0.33 |
Net operating income | =2320000*11% | 495000 |
Average operating assets | =255200/12% | =495000/33% |
Turnover | =2320000/2126667 | 2 |
Margin | =16.5%/150% | =495000/3000000 |
Sales | 2320000 | =1500000*2 |
Therefore, | ||
The turnover for Year 1 was 1.09 | ||
2. Calculate the margin used to calculate ROI last year at Uptown as follows: | ||
Net operating income | 70950 | |
Sales | 645000 | |
Margin | =B18/B19 | |
Therefore, | ||
Last year at Uptown the margin used to calculate ROI amounted to 11% |
The Portland Division's operating data for the past two years is as follows: Year 1 Year 2...
The Portland Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 8 % 15 % Net operating income $ ? $ 750,000 Turnover ? 2 Margin ? ? Sales $ 1,990,000 ? The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The turnover for Year 1 was:
The Portland Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 10 % 21 % Net operating income $ ? $ 430,500 Turnover ? 2 Margin ? ? Sales $ 2,040,000 ? The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The turnover for Year 1 was: 1.70 9.00 2.35 1.43
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A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 10% 14% Net operating income ? $140,000 Turnover ? 2 Margin ? ? Sales $1,000,000 ? In Year 2 the margin was twice as much as the margin in Year 1. How much was the division's Net Operating Income for Year 1? Multiple Choice $140,000 $35,000 $70,000 $100,000
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