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 | $ 14,450 | $ 21,550 | $ 25,550 |
| Midwest | 6,250 | 6,550 | 6,750 |
| Southeast | 11,950 | 12,550 | 12,850 |
| Total | $ 32,650 | $ 40,650 | $ 45,150 |
| Net Operating Income | |||
| Southwest | $ 650 | $ 750 | $ 900 |
| Midwest | 800 | 1,150 | 1,100 |
| Southeast | 550 | 750 | 1,150 |
| Total | $ 2,000 | $ 2,650 | $ 3,150 |
| Average Total Assets | |||
| Southwest | $ 13,550 | $ 13,750 | $ 16,350 |
| Midwest | 4,250 | 3,750 | 3,750 |
| Southeast | 4,850 | 5,150 | 5,150 |
| Total | $22,650 | $ 22,650 | $ 25,250 |
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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Authors: Contemporary Accounting Issues
1st Edition
9780324107845
