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28 The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 930,000 Net operating income $ 63,000 Average operating assets $
28
The following data are for the Akron Division of Consolidated Rubber, Inc.:
| Sales | $ | 930,000 |
| Net operating income | $ | 63,000 |
| Average operating assets | $ | 430,000 |
| Stockholders' equity | $ | 93,000 |
| Residual income | $ | 33,000 |
For the past year, the margin used in ROI calculations was:
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Don T Be Afraid Of Accounting Learn The Basics Of Financial Accounting And Be On Your Way To Greater Success
Authors: Brad Horton
1st Edition
1708221611, 978-1708221614
