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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 $ 6,369 $ 2,169 $ 646 $ 357 0
Intersegment transfers 111 136 101 113 0
Interest income from outside parties 0 21 8 0 $ 29
Interest income from intersegment loans 0 0 0 0 164
Operating expenses 3,954 1,632 936 589 18
Interest expense 63 18 53 30 89
Tangible assets 1,316 3,011 339 586 114
Intangible assets 74 366 0 50 0
Intersegment loans (debt) 0 0 0 0 669

Ecru does not allocate its $1,260,000 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.)

I AM FILLING IN THE ANSWERS THAT I KNOW I HAVE CORRECT PLEASE HELP WITH THE BLANKS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Revenue Test:

Segment Revenue Percentages Reported/not reported

Plastic 6480 ______ Reportable

Metal 2326 ________ Reportable

Paper _____ __________ Not

Lumber ______ _________ Not

Finance __________ _________ Not

2) Profit or loss test:

Segment Revenue Expense Profit Loss Reported/Not

Plastic 6480 ____ ------ ______ Report

Metal 2326 _____ ______ ______ Report

Paper ____ _____ ______ _____ Not

Lumber ____ _____ _____ _____ Not

Finance _____ _______ ________ ______ Not

3) Asset test:

Segment Asset Percentage Report/not

Plastic 1390 ______ Report

Metal 3377 51.75 report

Lumber 339 5.20 not

Paper 636 9.75 report

Finance 783 12.00 report

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