Homework Answers
Residual income = Operating income-Residual income
= 600000-(750000*13%)
Residual income = 502500
So answer is d) $502500
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Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: OTTO 1 Sales | $2,400,0...
Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A Division B Division C Sales $ 12,920,000 $ 28,920,000 $ 26,150,...
Selected sales and operating data for three divisions of
different structural engineering firms are given as follows:
Division A
Division B
Division C
Sales
$
12,920,000
$
28,920,000
$
26,150,000
Average operating assets
$
3,230,000
$
7,230,000
$
5,230,000
Net operating income
$
516,800
$
462,720
$
758,350
Minimum required rate of return
7.00
%
7.50
%
14.50
%
Required:
1. Compute the return on investment (ROI) for each division
using the formula stated in terms of margin and turnover....
Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A Division B Division C $6,100,000 $10,100,000 $9,200,000 $1,525,000 $ 5...
Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A Division B Division C $6,100,000 $10,100,000 $9,200,000 $1,525,000 $ 5,050,000 $2,300,000 Sales Average operating assetS Net operating income $ 317,200 $ 929,200 $ 225,400 Minimum required ratee of return 15.00% 18.40% 12.00% Required 1. Compute the return on investment (ROI) for each division using the formula stated in terms of margin and turnover 2. Compute the residual income (loss) for each...
i need help on question A and D Selected financial data of two competitors, Target and...
i need help on question A and D
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 • 291,600 16,000 72.900 640 4,050 20 4,150 2,023 14,210 $3,757 $...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net Income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16.000 72,900 640 4,050 20 4,150 2,023 14,210 $3,757 $ 26,390 Current assets Noncurrent assets Total assets Current liabilities...
i just need help for the one in red box pls Selected financial data of two...
i just need help for the one in red box pls
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16,000 72,900 640 4,050 20 4,150 2.023 14,210 $ 3,757 $ 26,390...
1. The following data are available for the Northern Division of Comet Products and the single...
1. The following data are available for the Northern Division of Comet Products and the single product it makes: Unit selling price $60 Variable cost per unit $36 Annual fixed costs $840,000 Average operating assets $4,500,000 How many units must the Northern Division sell each year to have an ROI of 16%? 2. The Southern Division of Schuler Enterprises recorded operating data as follows for the past year: Sales $600,000 Net operating income 75,000 Average operating assets 300,000 Stockholders’ equity...
14. The financial statements for the JHJ Book Store are as follows: INCOME STATEMENT 2013 Sales...
14. The financial statements for the JHJ Book Store are as follows: INCOME STATEMENT 2013 Sales Cost of Books Sold Gross Profit Operating Expenses Depreciation 2,000,000 500.000 1,500,000 200,000 100.000 300,000 1.200,000 Net Income From Operation Gain on Sale Land Net Income I 300,000 1.500.000 BALANCE SHEET 2013 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Investment in Land Total Assets 2012 100,000 75,000 150,000 100,000 (25,000) 100,000 500.000 2013 1,325,000 50,000 550,000 600,000 (125,000 0 2.400000 Accounts Payable Long Term...
Please explain answers in detail. Selected financial data of two competitors, Target and Wal-Mart, are presented...
Please explain answers in detail.
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Target (1/31/22) Wal-Mart (1/31/22) Income Statement Data for Year Net sales $69,000 $425,000 Cost of goods sold 46,230 297,500 Selling and administrative expenses 17,250 72,250 Interest expense 690 4,250 Other income 30 4,100 Income taxes 1,701 19,285 Net income $3,159 $ 35,815 Target Wal-Mart Balance...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16,000 72,900 640 4,050 20 4,150 2,023 14,210 $ 3,757 $ 26,390 Target Wal-Mart Balance Sheet Data (End of...
1. 3. Selected year-end data for the Melbourne Company are presented below: Acid-test ratio 2.5...
1. 3. Selected year-end data for the Melbourne Company are presented below: Acid-test ratio 2.5 to 1 Cost of goods sold $1,500,000 Current liabilities $1,800,000 Current ratio 3.0 to 1 The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, what was the company's inventory turnover ratio for the year? 2. Meryl Company had $540,000 in sales on account last year. The beginning accounts receivable balance was $30,000 and the ending accounts...
Selected sales and operating data for three divisions of
different structural engineering firms are given as follows:
Division A
Division B
Division C
Sales
$
12,920,000
$
28,920,000
$
26,150,000
Average operating assets
$
3,230,000
$
7,230,000
$
5,230,000
Net operating income
$
516,800
$
462,720
$
758,350
Minimum required rate of return
7.00
%
7.50
%
14.50
%
Required:
1. Compute the return on investment (ROI) for each division
using the formula stated in terms of margin and turnover....
Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A Division B Division C $6,100,000 $10,100,000 $9,200,000 $1,525,000 $ 5,050,000 $2,300,000 Sales Average operating assetS Net operating income $ 317,200 $ 929,200 $ 225,400 Minimum required ratee of return 15.00% 18.40% 12.00% Required 1. Compute the return on investment (ROI) for each division using the formula stated in terms of margin and turnover 2. Compute the residual income (loss) for each...
i need help on question A and D
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 • 291,600 16,000 72.900 640 4,050 20 4,150 2,023 14,210 $3,757 $...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net Income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16.000 72,900 640 4,050 20 4,150 2,023 14,210 $3,757 $ 26,390 Current assets Noncurrent assets Total assets Current liabilities...
i just need help for the one in red box pls
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16,000 72,900 640 4,050 20 4,150 2.023 14,210 $ 3,757 $ 26,390...
14. The financial statements for the JHJ Book Store are as follows: INCOME STATEMENT 2013 Sales Cost of Books Sold Gross Profit Operating Expenses Depreciation 2,000,000 500.000 1,500,000 200,000 100.000 300,000 1.200,000 Net Income From Operation Gain on Sale Land Net Income I 300,000 1.500.000 BALANCE SHEET 2013 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Investment in Land Total Assets 2012 100,000 75,000 150,000 100,000 (25,000) 100,000 500.000 2013 1,325,000 50,000 550,000 600,000 (125,000 0 2.400000 Accounts Payable Long Term...
Please explain answers in detail.
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Target (1/31/22) Wal-Mart (1/31/22) Income Statement Data for Year Net sales $69,000 $425,000 Cost of goods sold 46,230 297,500 Selling and administrative expenses 17,250 72,250 Interest expense 690 4,250 Other income 30 4,100 Income taxes 1,701 19,285 Net income $3,159 $ 35,815 Target Wal-Mart Balance...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16,000 72,900 640 4,050 20 4,150 2,023 14,210 $ 3,757 $ 26,390 Target Wal-Mart Balance Sheet Data (End of...
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