FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help please Scribe Company, a manufacturer of writing instruments, provides the following financial information: Pen Division Pencil Division Operating income $80,000 $30,000 Net

I need help please

image text in transcribed
Scribe Company, a manufacturer of writing instruments, provides the following financial information: Pen Division Pencil Division Operating income $80,000 $30,000 Net sales $500,000 $150 000 Total assets at Jan. 1 $600,000 $350,000 Total assets at Dec. 31 $610,000 $275,000 Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.) O A. 8.57% O B. 9.6% O C. 13.22% OD. 10.91%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

10th Edition

1119791081, 978-1119791089

More Books

Students also viewed these Accounting questions

Question

★★★★★
Suppose that for a certain city the cost C, in dollars, of obtaining drinking water that contains p percent impurities (by volume) is given by C = 120,000 / p - 1200 (a) Find the rate of change of...

Answered: 1 week ago

Question

★★★★★
Identify and explain the fallacies of relevance in the following passages: However, it matters very little now what the king of England either says or does; he hath wickedly broken through every...

Answered: 1 week ago

Question

★★★★★
2. Design seating so that students can see instruction without moving their chairs or desks.

Answered: 1 week ago

Question

★★★★★
Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: a. Compute MAD for each set of...

Answered: 1 week ago

Question

★★★★★
Question 4 of 9 ( 1 point ) I Question Attempt: 3 of Unlimited Classify the substance shown in the sketch below. You can click the other tabs in the sketch to get a magnified view. Be sure you check...

Answered: 1 week ago

Question

★★★★★
Alaa and Karim form a partnership by combining the assets of their separate businesses. Alaa contributes accounts receivable with a face amount of $ 5 0 , 0 0 0 and equipment with a cost of $ 1 8 0 ,...

Answered: 1 week ago

Question

★★★★★
As a food worker, it's your responsibility to: Select all that apply: Complete cleaning and sanitising sign-off sheets as per the Food Safety Plan Write safety data sheets Know what to clean and...

Answered: 1 week ago

Question

★★★★★
Question 1 (4 points} During a throw, a pitcher exerts a net force of 19N on a ball weighing 1.1 N. a. What is the ball's acceleration? b. The ball moves 3.3m before the pitcher releases it. With...

Answered: 1 week ago

Question

★★★★★
Lab 10: Simple Harmonic Motion Purpose/objective: In this experiment the student can observe and study the periodic motion in a plane and investigate the relation between the period of a simple...

Answered: 1 week ago

Question

★★★★★
Endogenous Growth Model (20 points) Consider an economy with a total population of 100. Each individual in this economy accumulates human capital. Each period, a person has one unit of time to split...

Answered: 1 week ago

Question

★★★★★
Towards the end of the course, we discussed some of the details underlying Classical and Keynesian economics, a seemingly endless debate within the economics profession. In this, we are focusing on...

Answered: 1 week ago

Question

★★★★★
The personal characteristics of the sender

Answered: 1 week ago

Question

★★★★★
The quality of the argumentation

Answered: 1 week ago

Question

★★★★★
The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

Answered: 1 week ago

Previous Question Next Question