Question
Blossom Decor sells home decor items through three distribution channelsretail stores, the Internet, and catalog sales. Each distribution channel is evaluated as an investment center.
Blossom Decor sells home decor items through three distribution channelsretail stores, the Internet, and catalog sales. Each distribution channel is evaluated as an investment center. Selected results from the latest year are as follows: Retail Stores Internet Catalog Sales Sales revenue $8,580,000 $3,500,000 $2,470,000 Variable expenses 3,900,000 1,355,000 1,750,000 Direct fixed expenses 3,736,200 902,500 596,500 Average assets 7,800,000 3,500,000 1,900,000 Required rate of return 12% 12% 12% (a1) Partially correct answer icon Your answer is partially correct. Calculate the margin and asset turnover for each of the three distribution channels. (Round answers to 2 decimal places, e.g. 5.12% or 5.12.) Retail Stores Internet Catalog Sales Margin enter percentages 54.55 % enter percentages 61.29 % enter percentages 29.15 % Asset turnover enter a ratio 1.1 enter a ratio 1 enter a ratio 1.3
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