Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Margin, Turnover, Return on Investment, Average Operating Assets Nakamura Company provided the following income statement for the last year: Sales Less: Variable expenses Contribution margin
Margin, Turnover, Return on Investment, Average Operating Assets Nakamura Company provided the following income statement for the last year: Sales Less: Variable expenses Contribution margin Less: Fixed expenses Operating income At the beginning of last year, the company had $38,669,000 in operating assets. At the end of the year, the company had $41,335,000 in operating assets. Required: 1. Compute average operating assets. Margin Turnover $833,910,000 543,864,000 $290,046,000 197,298,000 2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places. % $92,748,000 4. ROI measures profit earned per from its assets. 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. % The greater the ROI the efficiently the company is generating 5. Conceptual Connection: Nakamura Company's ROI is relatively high. Select one of the reasons this may be the case. Margin, Turnover, Return on Investment, Average Operating Assets Nakamura Company provided the following income statement for the last year: At the beginning of last year, the company had $38,669,000 in operating assets. At the end of the year, the company had $41,335,000 in cperating assets. Required: 1. Compute average operating assets. 2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places. 3. Compute ROI as o percent, Use the part 2 final answers in these calculations and round the finat answer to two decimal places. \% 4. ROI measures profit earned per The greater the Ror the efficiently the company is generating from its assets. 5. Conceptual Connection: Nakamura Company's ROI is relatively high. Select onn of the reasons this may be the case. 4. Rot measures profit earned per The greater the Ror the efficiently the company is generating from its assets. 5. Conceptual Connection: Nakamura Company's Rol is relatively high. Select one of the reasons this may be the case
Margin, Turnover, Return on Investment, Average Operating Assets Nakamura Company provided the following income statement for the last year: Sales Less: Variable expenses Contribution margin Less: Fixed expenses Operating income At the beginning of last year, the company had $38,669,000 in operating assets. At the end of the year, the company had $41,335,000 in operating assets. Required: 1. Compute average operating assets. Margin Turnover $833,910,000 543,864,000 $290,046,000 197,298,000 2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places. % $92,748,000 4. ROI measures profit earned per from its assets. 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. % The greater the ROI the efficiently the company is generating 5. Conceptual Connection: Nakamura Company's ROI is relatively high. Select one of the reasons this may be the case.
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