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Estes Company has assembled the following data for its divisions for the past year: Division A Division B Average operating assets $523,000 ? Sales ?
Estes Company has assembled the following data for its divisions for the past year:
Division A | Division B | |
Average operating assets | $523,000 | ? |
Sales | ? | $614,000 |
Net operating income | $172,000 | $26,100 |
Turnover | 1.25 | 3 |
Margin | ? | 3.6% |
Minimum required rate of return | 22% | ? |
Residual income | ? | $6,220 |
Division A's sales are: |
$653,750
$169,375
$338,750
$215,000
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