E24-3: Segmented Reporting: Carlton Company is involved in four separate Industries. The following information is available for each of the four industries: Identifiable Assets Operating Profit Operating Total Revenue Segment W 60,000 10.000 23,000 9.000 $102,000 X Y 167,000 83.000 21,000 19.000 $290,000 15,000 3,000 (2.000) 1.000 $17.000 Totals Instructions: Determine which of the operating segments are reportable based on the: a. Revenue test b. Operating profit (loss) test c. Identifiable assets test E24-4 Ratio Computation and Analysis Toulouse Company Lautrec Compay Composition of current assets: Cash Receivables Inventories Toulouse Company Lautrec Compay Computation of various ratios: Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Cash to current liabilities P24-2 Segment Reporting: Cineplex Corporation is a diversified company that operates in five different industries: A, B, C, D, E. The following information relating to each segment is available for 2018. Totals 40,000 19.000 10,000 C 75,000 580,000 50,000 50.000 27 270,000 40,000 235,000 D 35,000 19,000 12,000 55,000 30,000 18,000 Sales revenue CGS Operating expenses Total expenses Operating profit Identifiable assets 29,000 11.000 35.000 90.000 (15,000 80.000 505,000 75.000 500.000 31,000 4.000 65,000 48,000 7,000 50.000 Sales of Segments B and C included intersegment sales of $20,000 and $100,000 respectively. Instructions: a. Determine which of the segments are reportable based on the: 1. Revenue Test 2. Operating profit (loss) test 3. Identifiable assets test . Prepare the necessary disclosures required by GAAP Other Totals External Revenues Intersegment Revenues Total Revenues CGS Operating expenses Total Expenses Operating profit (Loss) Identifiable Assets Reconciliation of revenues: Total segment revenues Revenues of immaterial segments Elimination of intersegment revenues Revenues from reportable segments Reconciliation of profit or loss: Total segment operating profit Profits of immaterial segments Profits from reportable segments Reconciliation of assets: Total segment assets Assets of immaterial segments Assets from reportable segments