Complete the following requirements. Requirements 1, Fabric Stop Company reported a 4% operating margin on sales, a 20% pretax operating return on total assets, and $750 milion of average total assets. Compute the (a) operating income, (b) total sales, and (c) total asset turnover 2. Ikegami Corporation reported 240 million of sales, 12 million of operating income, and a total asset turnover of twelve times. ( is Japanese yen.) Compute the (a) total assets, (b) operating return on sales, and (c) pretax operating return on total assets. Requirement 1. Fabric Stop Company reported a 4% operating margin on sales, a 20% pretax operating return on total assets, and $750 million of average total assets. Compute the (a) operating income, (b) total sales, and (c) total asset tumover (a) Select the formula you will need to compute the operating income amount and then solve for operating income. Operating incomemillion (b) Select the formula you will need to compute the total sales amount and then solve for total sales. : Total sales million (c) Select the formula you will need to compute the total asset turnover amount and then solve for the total asset tumover : Total asset turnover = [ - ] times Requirement 2. Ikegami Corporation reported W240 million of sales, 12 million of operating income, and a total asset turnover of twelve times. ( is Japanese yen.) Compute the (a) total assets, (b) operating return on sales, and (c) pretax operating return on total assets. (a) Select the formula you will need to compute the total assets amount and then solve for total assets. Total assets million (b) Select the formula you will need to compute the operating return on sales amount and then solve for the operating return on sales. 1 [ Operating return on sale. % = (c) Select the formula you will need to compute the pretax operating return on total assets amount and then solve for the pretax operating return on total assets. Pretax operating return on total assets % = O Average total assets x Operating margin on sales O Average total assets / Operating margin on sales O Average total assets x Pretax operating return on assets O Average total assets / Pretax operating return on assets (2) O O Average total assets x Operating margin on sales O Average total assets /Operating margin on sales O Average total assets x Pretax operating returm on assets O Average total assets/Pretax operating return on assets O Operating income x Operating margin on sales O Operating income /Operating margin on sales O Operating income x Pretax operating return on assets O Operating income / Pretax operating return on assets 3) O O Average total assets x Operating margin on sales O Average total assets /Operating margin on sales O Average total assets x Pretax operating return on assets O Average total assets / Pretax operating return on assets O Operating income x Pretax operating return on assets Operating income / Pretax operating return on assets O Total sales x Average total assets O Total sales / Average total assets O Total sales x Pretax operating return on assets O Total sales / Pretax operating return on assets O Operating income x Sales O Operating income /Sales O Operating income x Total asset turnover O Operating income/Total asset turnover O Sales x Total asset turnover O Sales / Total asset turnover Total asset turnover x Sales O Total asset turnover/Sales (5) O O Operating income /Total asset turnover O Sales x Total asset turnover O Sales/ Total asset turnover O Total asset turnover x Sales O Operating income x Sales O Operating income /Sales Operating income x Total asset turnover O Total asset turnover /Sales (6) O O Operating income x Total assets O Operating income / Total assets O Operating income x Total asset turnover O Operating income/Total asset turnover O Sales x Total asset turnover O Sales/ Total asset turnover O Total asset turnover x Sales O Total asset turnover /Sales
