Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $889,580,000 543,660,000 Less: Variable expenses

image text in transcribed
image text in transcribed
image text in transcribed
Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $889,580,000 543,660,000 Less: Variable expenses Contribution margin Less Fixed expenses $345,920,000 194,882,000 Operating income 5151,038,000 At the beginning of last year, Elway had $38.660.000 in operating assets. At the end of the year Elway had 541.35 Required: 1. Compute average operating assets 40,009,500 2. Compute the margin at a percent) and turnover cation for last year If required, round your answers to Diodecim Margin 17 Turnover 22.23 3. Comoute ROI as a percent. Use the part in answers in these calculations and found the final et de 377.91 relative to investment in The 4. ROI measure a company's abilinen 3. CONCEPTUAL CONNECTION Contoh the ROI forway Company is latively high as comards the 1. Combinatatan with a few talent monchante 2. Como Com Combo porton o here to search L Average Operating Assets income statement for the last year: $899,580,000 543,660,000 $345.920,000 194,882.000 $151.038.000 ay had $38.660,000 in operating assets. At the end of the year. Elway had $41.359,000 in operating assets. percent) and tumover ratios for lover. If required, round your annivers to two decimal placer Use the art the actos and round the fact two decimal pace bity to generate nement The greater the Rot the ficantly the To Commenter why the ROL or Company imarettore or of a man compare by the Princesher humantalant 100-at RO hp 10 12 VA orts delete- red: compute average operating assets 40,009,500 Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places argin 17 Curnover 22.23 3. Compute ROI percent. Use the part 2 Finante in the calculations wdroud the final decimal places 377.91 4. Rot measures a company's ability to generate relative to mentists. The ROL the ently the seng from 5. CONCEPTUAL CONNECTION Comment on the rot for a company lively high as compared to the lower Rot of an actoring company) 1. Elvy Company might be service organison with relatively low physical red tager and other when the factor formally recognised antalet) 2. Elva Company might bevogtion with a whole concerning og en company's stories are not formally recognisegi harta 3. y Company might be vice voorval who can come not forget PM TO o II ch hp prese WO det DO tum , Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $889,580,000 543,660,000 Less: Variable expenses Contribution margin Less Fixed expenses $345,920,000 194,882,000 Operating income 5151,038,000 At the beginning of last year, Elway had $38.660.000 in operating assets. At the end of the year Elway had 541.35 Required: 1. Compute average operating assets 40,009,500 2. Compute the margin at a percent) and turnover cation for last year If required, round your answers to Diodecim Margin 17 Turnover 22.23 3. Comoute ROI as a percent. Use the part in answers in these calculations and found the final et de 377.91 relative to investment in The 4. ROI measure a company's abilinen 3. CONCEPTUAL CONNECTION Contoh the ROI forway Company is latively high as comards the 1. Combinatatan with a few talent monchante 2. Como Com Combo porton o here to search L Average Operating Assets income statement for the last year: $899,580,000 543,660,000 $345.920,000 194,882.000 $151.038.000 ay had $38.660,000 in operating assets. At the end of the year. Elway had $41.359,000 in operating assets. percent) and tumover ratios for lover. If required, round your annivers to two decimal placer Use the art the actos and round the fact two decimal pace bity to generate nement The greater the Rot the ficantly the To Commenter why the ROL or Company imarettore or of a man compare by the Princesher humantalant 100-at RO hp 10 12 VA orts delete- red: compute average operating assets 40,009,500 Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places argin 17 Curnover 22.23 3. Compute ROI percent. Use the part 2 Finante in the calculations wdroud the final decimal places 377.91 4. Rot measures a company's ability to generate relative to mentists. The ROL the ently the seng from 5. CONCEPTUAL CONNECTION Comment on the rot for a company lively high as compared to the lower Rot of an actoring company) 1. Elvy Company might be service organison with relatively low physical red tager and other when the factor formally recognised antalet) 2. Elva Company might bevogtion with a whole concerning og en company's stories are not formally recognisegi harta 3. y Company might be vice voorval who can come not forget PM TO o II ch hp prese WO det DO tum

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

Cost Accounting Foundations And Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

7th Edition

0324560559, 978-0324560558

More Books

Students also viewed these Accounting questions