Question
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 | $ | 6,744 | $ | 2,374 | $ | 721 | $ | 432 | 0 | ||||||
Intersegment transfers | 152 | 177 | 142 | 154 | 0 | ||||||||||
Interest income from outside parties | 0 | 36 | 23 | 0 | $ | 44 | |||||||||
Interest income from intersegment loans | 0 | 0 | 0 | 0 | 205 | ||||||||||
Operating expenses | 4,254 | 1,782 | 1,086 | 664 | 33 | ||||||||||
Interest expense | 78 | 33 | 68 | 26 | 104 | ||||||||||
Tangible assets | 1,521 | 3,216 | 544 | 791 | 189 | ||||||||||
Intangible assets | 89 | 407 | 0 | 65 | 0 | ||||||||||
Intersegment loans (debt) | 0 | 0 | 0 | 0 | 710 | ||||||||||
Ecru does not allocate its $1,440,000 in common expenses to the various segments. |
Perform testing procedures to determine Ecrus reportable operating segments. (Round your percentage answers to 2 decimal places. Enter your answers in thousands of dollars.) |
Revenue test: I ONLY NEED PERCENTAGES FOR THIS QUESTION Plastic $ 6896 Percentage____ Metals $ 2587 Percentage____ Lumber $ 886 Percentage_____ Paper $ 586 Percentage______ Finance $ 249 percentage_____ Profit or Loss Test--I ONLY NEED PROFIT OR LOSS FOR THIS QUESTION Plastic Revenue $ 6896 Expense 4332 Profit/Loss_____ Metal Revenue $ 2587 Expense $ 1815 Profit/Loss_____ Lumber Revenue $ 886 Expense $ 1154 Profit/Loss______ Paper Revenue $ 586 Expense $ 690 Profit/Loss_______ Finance Revenue $ 249 Expense $ 137 Profit/Loss_______ Asset Test--I ONLY NEED PERCENTAGES FOR THIS QUESTION Plastic Asset $ 1610 Percentage______ Metal Asset $ 3623 Percenatge_______ Lumber Asset $ 544 Percentage ______ Paper Asset $ 856 Percentage_______ Finance Asset $ 899 Percentage______ |
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