Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 40,000 Net operating income $ 100,000 Average

Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 40,000 Net operating income $ 100,000 Average operating assets $ 800,000 The return on investment (ROI) is closest to:

Multiple Choice

35.0%

27.0%

50.0%

12.5%

Assume a company had net operating income of $300,000, sales of $1,500,000, average operating assets of $1,000,000, and a minimum required rate of return on average operating assets of 12.50%. The companys residual income is closest to:

Multiple Choice

$75,000

$175,000

$112,500

$212,500

Assume a company reported the following results:

Sales $ 300,000
Net operating income ?
Average operating assets $ 200,000
Margin ?
Turnover ?
Return on investment (ROI) 50%

The margin is closest to:

Multiple Choice

50%.

33%.

67%.

30%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Automotive Process Audits Preparations And Tools Practical Quality Of The Future

Authors: D. H. Stamatis

1st Edition

036775939X, 978-0367759391

More Books

Students also viewed these Accounting questions

Question

Prepare a constructive performance appraisal.

Answered: 1 week ago

Question

List the advantages of correct report formatting.

Answered: 1 week ago