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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 | $ | 6,769 | $ | 2,369 | $ | 726 | $ | 437 | 0 | ||||||
Intersegment transfers | 151 | 176 | 141 | 153 | 0 | ||||||||||
Interest income from outside parties | 0 | 37 | 24 | 0 | $ | 45 | |||||||||
Interest income from intersegment loans | 0 | 0 | 0 | 0 | 204 | ||||||||||
Operating expenses | 4,274 | 1,792 | 1,096 | 669 | 34 | ||||||||||
Interest expense | 79 | 34 | 69 | 22 | 105 | ||||||||||
Tangible assets | 1,516 | 3,211 | 539 | 786 | 194 | ||||||||||
Intangible assets | 90 | 406 | 0 | 66 | 0 | ||||||||||
Intersegment loans (debt) | 0 | 0 | 0 | 0 | 709 | ||||||||||
Ecru does not allocate its $1,340,000 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.)
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