Question
Liz Raiborn Incorporated has the following financial results for the years 2022 through 2024 for its three regional divisions: 2022 2023 2024 Revenue Southwest $
Liz Raiborn Incorporated has the following financial results for the years 2022 through 2024 for its three regional divisions:
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Revenue | |||
| Southwest | $ 14,525 | $ 21,625 | $ 25,625 |
| Midwest | 6,325 | 6,625 | 6,825 |
| Southeast | 12,025 | 12,625 | 12,925 |
| Total | $ 32,875 | $ 40,875 | $ 45,375 |
| Net Operating Income | |||
| Southwest | $ 725 | $ 825 | $ 975 |
| Midwest | 875 | 1,225 | 1,175 |
| Southeast | 625 | 825 | 1,225 |
| Total | $ 2,225 | $ 2,875 | $ 3,375 |
| Average Total Assets | |||
| Southwest | $ 13,625 | $ 13,825 | $ 16,425 |
| Midwest | 4,325 | 3,825 | 3,825 |
| Southeast | 4,925 | 5,225 | 5,225 |
| Total | $22,875 | $ 22,875 | $ 25,475 |
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 2022, 2023, and 2024. (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.)
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
