Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculator Calculating Average Operating Assets, Margin, Turnover, Return on Investment (ROI) Forchen, Inc., provided the following information for two of its divisions for last year:

image text in transcribed

image text in transcribed

Calculator Calculating Average Operating Assets, Margin, Turnover, Return on Investment (ROI) Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances Cleaning Products Division Division Sales Operating income Operating assets, January 1 Operating assets, December 31 $41,604,000 3,328,320 6,394,000 7,474,000 $23,200,000 696,000 5,600,000 6,000,000 Required: 1. For the Small Appliances Division, calculate: a. Average operating assets $ b. Margin % c. Turnover d. Return on investment (ROI) % 2. For the Cleaning Products Division, calculate: a. Average operating assets C. Turnover d. Return on investment (ROI) % 2. For the Cleaning Products Division, calculate: a. Average operating assets b. Margin % c. Turnover d. Return on investment (ROI) % 3. What if operating income for the Small Appliances Division was $2,496,2407 How would that affect average operating assets? Margin? Turnover? ROI? Calculate any changed ratios. When required, round the percent to four decimal places Before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Enter "0", where ever required. Average operating assets Unaffected by % Margin Lower by % Turnover Unaffected by % Return on investment (ROI) Lower by % Next Check My Work

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

Financial And Managerial Accounting

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

15th Edition

1337902667, 9781337902663

More Books

Students also viewed these Accounting questions

Question

Explain how to make a to-do list and a schedule.

Answered: 1 week ago