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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 | $ | 6,669 | $ | 2,319 | $ | 706 | $ | 417 | 0 | ||||||
Intersegment transfers | 141 | 166 | 131 | 143 | 0 | ||||||||||
Interest income from outside parties | 0 | 33 | 20 | 0 | $ | 41 | |||||||||
Interest income from intersegment loans | 0 | 0 | 0 | 0 | 194 | ||||||||||
Operating expenses | 4,194 | 1,752 | 1,056 | 649 | 30 | ||||||||||
Interest expense | 75 | 30 | 65 | 24 | 101 | ||||||||||
Tangible assets | 1,466 | 3,161 | 489 | 736 | 174 | ||||||||||
Intangible assets | 86 | 396 | 0 | 62 | 0 | ||||||||||
Intersegment loans (debt) | 0 | 0 | 0 | 0 | 699 | ||||||||||
Ecru does not allocate its $1,320,000 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.) 1) Asset Test Please fill in the empty answers
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