Net operating income for year 1 = Net operating income for year 2 / 130%
= $580,000 / 130%
= $446,154
The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Retu...
The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12 % 36 % Net operating income ? $ 360,000 Turnover ? 3 Margin ? ? Sales $ 3,200,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: Multiple Choice A)$240,000 B)$256,000 C)$384,000 D)$768,000
The Millard Division's operating data for the past two years are provided below: ook Year 1 12% ? Year 2 369 $540,000 Return on investment Net operating income Turnover Margin Sales rences $3,290,000 Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: o О $360,000 o $263,200 o $394,800 o О $789,600
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:
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
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
The Portland Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 16% 32% Net operating income ? $296,000 Turnover ? 2 Margin ? ? Sales $1,900,000 ? The Portland Division's margin in Year 2 was 100% of the margin for Year 1. The average operating assets for Year 2 were: $475,000 $125,000 $925,000 $525,000
The Reed Division reports the following operating data for the past two years: T Year 2 T Year 1 16% 2.5 ? $42.400 $84,800 Margin Turnover Average operating assets Net operating Income Stockholders' equity Sales 2 $240.000 T The return on investment at Reed was exactly the same in Year 1 and Year 2 Average operating assets in Year 1 were: $202,000 O O $240,000 $215,000 $106.000
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: DivisionQueenslandNew South WalesSales$ 928,000$ 1,479,000Average operating assets$ 580,000$ 493,000Net operating income$ 74,240$ 73,950Property, plant, and equipment (net)$ 243,000$ 193,000 Required:1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover.2. Which divisional manager seems to be doing the better job?
2. Gabbe Industries is a division of a major corporation. Last year the division had total sales of $19,293,750, net operating income of $2,267,016, and average operating assets of $8,575,000. The company's minimum required rate of return is 20% Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer...
2. Cabell Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and average operating assets of $4,778,400. The company's minimum required rate of return is 15%. The division's margin is closest to: Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating income Average operating assets The company's minimum required rate of return $38,380,000...