Question
Correy Corp. and its divisions are engaged solely in manufacturing operations. The following data (consistent with prior years' data) pertain to the industries in which
Correy Corp. and its divisions are engaged solely in manufacturing operations. The following data (consistent with prior years' data) pertain to the industries in which operations were conducted for the year ending December 31, 2017:
Industry
Total revenue
Operating profit
Identifiable assets at 12/31/17
A
$10,000,000
$1,750,000
$20,000,000
B
8,000,000
1,400,000
17,500,000
C
6,000,000
1,200,000
12,500,000
D
3,000,000
550,000
7,500,000
E
4,250,000
675,000
7,000,000
F
1,500,000
225,000
3,000,000
$32,750,000
$5,800,000
$67,500,000
In its segment information for 2017, how many reportable segments does Correy have?
Five
Four
Six
Three
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