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Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial

Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: Plastics Metals Lumber Paper Finance Sales to outside parties $ 6,319 $ 2,144 $ 636 $ 347 0 Intersegment transfers 106 131 96 108 0 Interest income from outside parties 0 19 6 0 $ 27 Interest income from intersegment loans 0 0 0 0 159 Operating expenses 3,914 1,612 916 579 16 Interest expense 61 16 51 31 87 Tangible assets 1,291 2,986 314 561 104 Intangible assets 72 361 0 48 0 Intersegment loans (debit) 0 0 0 0 664 -------------------------------------------------------------------------------- Ecru does not allocate its $1,250,000 in common expenses to the various segments. Perform testing procedures to determine Ecrus reportable operating segments. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Enter your dollar answers in thousands. Round your percentage answers to 1 decimal place.) Revenue test: Segment Revenues Percentage Plastics $ % (Click to select)Not reportableReportable Metals % (Click to select)ReportableNot reportable Lumber % (Click to select)Not reportableReportable Paper % (Click to select)Not reportableReportable Finance % (Click to select)Not reportableReportable -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Total $ % -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Profit or loss test: Segment Revenues Expenses Profit Loss Plastics $ $ $ $ (Click to select)Not reportableReportable Metals (Click to select)ReportableNot reportable Lumber (Click to select)Not reportableReportable Paper (Click to select)Not reportableReportable Finance (Click to select)Not reportableReportable -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Total $ $ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Asset test: Segment Assets Percentage Plastics $ % (Click to select)Not reportableReportable Metals % (Click to select)Not reportableReportable Lumber % (Click to select)Not reportableReportable Paper % (Click to select)ReportableNot reportable Finance % (Click to select)Not reportableReportable -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Total $ % -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- check my workreferencesebook & resources

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