compute each asset turnover ratio.

Speedy Sports Company makes snowboards, downhill skis cross-country skis, skateboards, surfboards and inline skates. The company has found it beneficial to split operations into two divisions based on the climate required for the sport Snow Sports and Non-Snow Sports The following divisional information is available for the past year (Click the icon to view the information.) Speedy's management has specified a 15% target rate of return Read the requirements Read the requirements Requirement 1. Compute each division's asset turnover ratio (round to two decimal places) Interpret your results Begin by selecting the formula to calculate the asset turnover and then enter the amounts to calculate each division's asset turnover Average total assets = Asset turnover ratio Snow Sports Non snow Sports Based on the divisions asset turnover rates we know that the rates the divisions had different RONS Requirement 2. Use your awers to Requiremont 1 along with the profit margin ratio, to recalculato Rof using the expanded formula Do your answers agree with the base ROI (Enter your ROI Using the expanded for the Rol for the Snow Sports division Using the extended formula the Rol for the Non Snow Sportsdinions Does your wer tower with the bac Rors provided in the problem for each of the divisions? Data table Basic Profit Margin Ratio ROI P Net Sales Operating Average Revenue Income Total Assets $ 5,400,000 $ 972,000 $ 4,100,000 8,200,000 1,476,000 6,000,000 23.7% 18 % Snow Sports Non-snow Sports 24.6 % 18 % s sion Print Done hep Average total assets Asset turnover ratio rts Sports Average total assets In the divisions' asset turnover rates, we know the divisions had different Net sales revenue ement 2. Use your answers to Requirement 1. to recalculate ROI using the ex Operating income the expanded formula, the Rol for the Snow Sp Target rate of return