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Data for five stores of the same business are as follows: Return Profit Invest. Store Sales Income from Invested Operations Assets on Invest. Margin Tumover
Data for five stores of the same business are as follows: Return Profit Invest. Store Sales Income from Invested Operations Assets on Invest. Margin Tumover Greensboro (a) $35,000 S250.000 (b) (c) 1.6 High Point $455,000 (d) S284,375 16% (e) Burlington $525,000 $73.500 (h) 1.2 (g) (k) Durham $600,000 () 13.0% 2.5 Elon (m) $250.000 (0) 16.00 210 1. Determine the missing items, identifying each by letter (a-o). Round percentage and turnover values to one decimal place. 2. Which Store is most profitable in terms of income from operations? Which Store is most profitable in terms of return on investment? 3. Show all your calculations to get credit. Division X of Tree Inc.'s has sales of $600,000, income from operations of $100,000 and assets of $450,000. The minimum acceptable rate of return on assets is 14%. What is the residual income for the division? Must show your calculations to get any credit
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