Hey could use some help on these problems..study questions for an upcoming test.. Thanks

1.)

Chabot Company had the following results last year: net operating income, $6,240; turnover, 3; and ROI 24%. Chabot Company's average operating assets were:

$26,000

$1,872,000

$18,720

$4,992,000

2.)

Nash Corporation manufactures and sells custom snowmobiles. From the time an order is placed till the time the snowmobile reaches the customer averages 43 days. This 43 days is spent as follows:

Wait time	8 days
Move time	4 days
Process time	14 days
Queue time	14 days
Inspection time	3 days

What is Nash's manufacturing cycle efficiency (MCE) for its snowmobiles? (Round you answer to one decimal place.)

40.0%

41.9%

58.1%

48.8%

3.)

Given the following data:

Return on investment	34%
Turnover	3.2
Margin	8%
Sales	$170,000
Average operating assets	$40,000
Minimum required rate of return	15%

The residual income would be:

$10,400

$11,900

$0

$7,600

4.)

For the past year, Allargando Company recorded sales of $972,000 and average operating assets of $270,000. What is the margin that Allargando Company needed to earn in order to achieve an ROI of 64.8%?

3.6%

64.8%

1.54%

18%

5.)

Given the following data:

Average operating assets	$2,200,000
Total liabilities	$396,000
Sales	$1,650,000
Contribution margin	$990,000
Net operating income	$396,000

Return on investment (ROI) would be:

60.0%

18.0%

45.0%

24.0%

6.)

CS Company has a profit margin of 17%. Sales are $326,000, net operating income is $55,420, and average operating assets are $125,000. What is the company's return on investment (ROI)?

0.4

17.0%

2.6

44.3%

7.)

If operating income is $73,000, average operating assets are $365,000, and the minimum required rate of return is 11%, what is the residual income?

$105,850

$7,300

$40,150

$32,850

8.)

Last year a company had sales of $460,000, a turnover of 2.5, and a return on investment of 62.5%. The company's net operating income for the year was:

	$287,500
	$172,500
	$184,000
	$115,000