Question
Data follow for the Construction Division of D. Jack Inc.: Year 1 Year 2 Sales $148,500,000 $162,250,000 Operating income 8,910,000 8,112,500 Average operating assets 337,500,000
Data follow for the Construction Division of D. Jack Inc.:
Year 1 | Year 2 | |
|---|---|---|
Sales | $148,500,000 | $162,250,000 |
Operating income | 8,910,000 | 8,112,500 |
Average operating assets | 337,500,000 | 405,625,000 |
(Note: Round all answers to two decimal places.)
Required:
1.Compute the margin and turnover ratios for each year.
2.Compute the ROI for the Construction Division for each year.
Step by Step Solution
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Step: 1
Yeal I 8910000 8112000 Sa 48500000 6225...
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
