Question
Balanced scorecard measures for financial perspective Following is financial information for last period about China Express, a regional company with a number of fast-food stores:
Balanced scorecard measures for financial perspective
Following is financial information for last period about China Express, a regional company with a number of fast-food stores:
Revenue from operations $ 10,540,200
Operating costs $9,920,480
After-tax profits $455,078
Cost of capital 13 %
Required rate of return 17 %
Average assets $4,522,050
Required
Calculate the following measures that could be used for the financial perspective.
(If answer is negative, please use parenthesis. Show economic value added as a positive number.)
Operating margin(Round answer to 0 decimal places.). $
Return on investment(Round answer to 1 decimal place.)%
Residual income(Round answer to 0 decimal places.). $
Economic value added(Round answer to 0 decimal places.). $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started