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Please fill in the asset turnover (AT). Thanks :) Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for its
Please fill in the asset turnover (AT). Thanks :)
Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions 2019 2020 2021 Revenue Southwest $14,575 $21,675 $25,675 Midwest 6.375 6.675 6.875 Southeast 12,075 12,675 12,975 Total $33,025 $41,025 $45,525 Net Operating Income Southwest $ 775 $ 875 $ 1,025 Midwest 925 1,275 1,225 Southeast 675 875 1.275 Total $ 2,375 $ 3,625 $ 3,525 Average Total Assets Southwest $13,675 $13,875 $16,475 Midwest 4,375 3,875 3,875 Southeast 4,975 5,275 5,275 Total $23,025 $23,025 $25,625 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 2019, 2020, and 2021. (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.) X Answer is not complete. 2019 2020 2021 Return on sales (ROS) Southwest Midwest Southeast Firm 5. % 14.57% 5.6 % 19. % 771% 1.070x 1.560X Asset turnover (AT) Southwest Midwest Southeast Firm Return on investment (ROI) Southwest Midwest Southeast FirmStep by Step Solution
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