Question
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 | $ | 14,875 | $ | 21,975 | $ | 25,975 | |||
| Midwest | 6,675 | 6,975 | 7,175 | ||||||
| Southeast | 12,375 | 12,975 | 13,275 | ||||||
| Total | $ | 33,925 | $ | 41,925 | $ | 46,425 | |||
| Net Operating Income | |||||||||
| Southwest | $ | 1,075 | $ | 1,175 | $ | 1,325 | |||
| Midwest | 1,225 | 1,575 | 1,525 | ||||||
| Southeast | 975 | 1,175 | 1,575 | ||||||
| Total | $ | 3,275 | $ | 3,925 | $ | 4,425 | |||
| Average Total Assets | |||||||||
| Southwest | $ | 13,975 | $ | 14,175 | $ | 16,775 | |||
| Midwest | 4,675 | 4,175 | 4,175 | ||||||
| Southeast | 5,275 | 5,575 | 5,575 | ||||||
| Total | $ | 23,925 | $ | 23,925 | $ | 26,525 | |||
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.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Word Search Puzzle Book For Auditing Clerk
Authors: Lx Antu
1st Edition
B09KN7YDD6, 979-8757688466
