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Please answer B-E paring return on investment and residual income es three investment centers. The following financial statements apply to t he on operates dBowman
Please answer B-E
paring return on investment and residual income es three investment centers. The following financial statements apply to t he on operates dBowman Division. BOWMAN DIVISION Income Statement For the Year Ended December 31, 2018 $138,000 78,000 60,000 Sales revenue Cost of goods sold Gross margin Operating expenses Selling expenses Depreciation expense (6,000) (8,000) 46,000 Operating income Nonoperating item Loss on sale of land (16,000 30,000 Net income BOWMAN DIVISION Balance Sheet As of December 31, 2018 Assets Cash Accounts receivable Merchandise inventory Equipment less accum. dep. Nonoperating assets $18,898 42,266 37,578 90,258 9,000 $198,000 Total assets Liabilities $ 9,637 72,000 Accounts payable Notes payable Stockholders' equity Common stock Retained earnings 80,000 36,363 $198,000 Total liab. and stk. equity Step by Step Solution
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