Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions: 2019 2020 2021 Revenue Southwest $

Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions:

2019 2020 2021
Revenue
Southwest $ 14,600 $ 21,700 $ 25,700
Midwest 6,400 6,700 6,900
Southeast 12,100 12,700 13,000
Total $ 33,100 $ 41,100 $ 45,600
Net Operating Income
Southwest $ 800 $ 900 $ 1,050
Midwest 950 1,300 1,250
Southeast 700 900 1,300
Total $ 2,450 $ 3,100 $ 3,600
Average Total Assets
Southwest $ 13,700 $ 13,900 $ 16,500
Midwest 4,400 3,900 3,900
Southeast 5,000 5,300 5,300
Total $ 23,100 $ 23,100 $ 25,700

Required:

Calculate return on sales (ROS), asset turnover (AT), and return on investment (ROI) for each division and also for the firm as a whole for each of the three years 2019, 2020, and 2021. (Note: Due to rounding your percentages, the totals for the firm might not be the actual total of the individual divisions.) (Round "Asset turnover (AT)" answers to 3 decimal places and other answers to 1 decimal place.)

2019 2020 2021

Return on Sales (ROS)

Southwest % % %

Midwest % % %

Southeast % % %

Firm % % %

Asset turnover

Southwest

Midwest

Southeast

Firm

Return on Investment (ROI)

Southwest % % %

Midwest % % %

Southeast % % %

Firm % % %

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_2

Step: 3

blur-text-image_3

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

Authors: Joe Ben Hoyle, C.J. Skender, Joe Hoyle

1st Edition

0982361831, 978-0982361832

More Books

Students also viewed these Accounting questions

Question

=+2. How can the revenue model of the music industry be described?

Answered: 1 week ago