You are given the following data. Sales...................$120,000,000 Invested capital..$ 60,000,000 Net income...........$ 6,000,000 Compute the following: 1.

Question:

You are given the following data.

Sales...................$120,000,000

Invested capital..$ 60,000,000

Net income...........$ 6,000,000

Compute the following:

1. Turnover of capital

2. Return on sales

3. Return on investment (ROI)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Management Accounting

ISBN: 978-0132570848

6th Canadian edition

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu

See More Books

Question Posted: Jul 09, 2019 08:10 AM

See More Questions

You are given the following data on two companies, M and N (figures are millions): Particulars M N Sales: $ 1,080 $ 1,215 Net income: $ 54 $ 122 Investment: $ 180 $ 405 Required a. Which company has...
You are given the following data on several stocks: a. Calculate the expected return and standard deviation for each stock. b. Calculate the expected return and standard deviation for a portfolio...
You are given the following data about Walt Disney and News Corporation, two of the major corporations in the media and entertainment industry. The data are for the end of the financial year 1999,...
Two experienced managers at Wilson Boat, Inc. are resisting the introduction of a computerized exponential smoothing system, claiming that their judgmental forecasts are much better than any computer...
In a certain region of space, there is a uniform electric field E = 2.0 104 V/m to the east and a uniform magnetic field B = 0.0050 T to the west. (a) What is the electromagnetic force on an...
Show that x 2 + x + 1 is prime.
Evaluate capital expenditure proposals using the accounting rate of return method. (Obj. 1). The City Concrete Company is considering the purchase of an additional machine that will cost $120,000. It...
Carter Corporation made sales of $900 million during 2016. Of this amount, Carter collected cash for $871 million. The company's cost of goods sold was $280 million, and all other expenses for the...
Which of the following concepts is being considered when a company making a capital investment decision converts all the dollar cash inflows and outflows over the life of a project to their present...
R. C. Coleman distributes a variety of food products that are sold through grocery store and supermarket outlets. The company receives orders directly from the individual outlets, with a typical...
Northland Company makes bicycles. Components are made in various divisions and transferred to the Western division for assembly into final products. The Western division can also buy components from...
Fill in the blanks: Division % Income percentage of revenue Rate of return on invested capital 7% 3% Capital turnover 3 % 24% 20%
Jim and Mary Jean are married and have two dependent children under the age of 13. Both parents are gainfully employed and earn salaries as follows: $16,000 (Jim) and $5,200 (Mary Jean). To care for...
Activity 1.4: When Less Becomes More For this activity, refer to the images shown. This is an activity which was performed for you if you do not have available two identical mirrors at home. But if...
! Required information [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced...
During the early part of winter, one morning, two hunters decided to go quail hunting on a property where the owner had given them permission to hunt. A nearby forest ranger saw the hunters and...
Required information [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product. Direct materials (30 pounds...
A horticulturist knows that the weights of honeybees that have previously visited her orchard are normally distributed with a mean of 0.87 grams, and a population standard deviation of 0.15 grams....
Problem refer to functions f and g that satisfy f'(2) = 3 and g(2) = -1. In each problem, find h(2) for the indicated function h. h(x) = 4f(x)
Figure displays a 12.0 V battery 3 four uncharged capacitors of capacitances C1 = 4.00F, C2 = 6.00F, and C3 = 3.00F. The switch is thrown to the left side until capacitor 1 is fully charged. Then the...
Consider the following short descriptions. Indicate whether each of the following descriptions more closely relates to a major feature of financial accounting or management accounting: 1. Field is...
Consider the following short descriptions. Indicate whether each of the following descriptions more closely relates to a major feature of financial accounting or management accounting: 1. Field is...
For each of the following, indicate whether the employee has line or staff responsibility. Also indicate whether the employee primarily provides support for other value-chain functions or performs a...
Q1) The equity of Washington Ltd at 1 July 2020 consisted of: Share capital 500 000 A ordinary shares fully paid $1 500 000 400 000 B ordinary shares issued for $2 and paid to $1.50 600 000 General...
out The following information relates to Questions 1 to 2. The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at...
Exercise 10-8 Utilization of a constrained Resource [LO10-5, L010-6] Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit...

You are given the following data. Sales...................$120,000,000 Invested capital..$ 60,000,000 Net income...........$ 6,000,000 Compute the following: 1.

Question:

Step by Step Answer:

1 Turnover of capital Sales Invested capital 120000 60000 200 or 20 times ...View the full answer

Management Accounting

Students also viewed these Business questions