Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
PLEASE HELP ME WITHIN 5 MINUTES PLEASE!! Question 12 (1 point) Harstin Corporation has provided the following data for the past year: Sales........... $625,000 Gross
PLEASE HELP ME WITHIN 5 MINUTES PLEASE!!
Question 12 (1 point) Harstin Corporation has provided the following data for the past year: Sales........... $625,000 Gross Margin.................... $70,000 Operating Income..... $50,000 Shareholders' Equity........... $90,000 Average Operating Assets..... $250,000 Residual Income.............. $20,000 What was the return on investment (ROI) for the past year? 20%. 36%. 28%. 8%. Question 13 (1 point) Harstin Corporation has provided the following data for the past year: Sales.......... $625,000 Gross Margin.......... $70,000 Operating Income.... $50,000 Shareholders' Equity......... $90,000 Average Operating Assets..... $250,000 Residual Income............ $20,000 What was the return on investment (ROI) "margin" for the past year? 11.2%. 19.2%. 14.4% 8.0%. Question 14 (1 point) The following information is available on Company A: Sales.......... $900,000 Operating Income.............. $36,000 Shareholders' Equity.... $100,000 Average Operating Assets............... $180.000 Minimum Required Rate of Return..... 15% What is the ROI "turnover" for Company A? 25 2 5 9 Question 15 (1 point) The following information is available on Company A: Sales.......... $900,000 Operating Income........ $36,000 Shareholders' Equity....... $100,000 Average Operating Assets.............. $180,000 Minimum Required Rate of Return..... 15% What is Company A's residual income? $ 21,000 $ 24,000 $ 9,000 $ 45,000 Question 1 (1 point) When the indirect method is used to prepare the statement of cash flows, if accounts receivable increases during the accounting period, the change in accounts receivable is: subtracted from net income. subtracted from the change in the cash account. added to net income. added to the change in the cash account
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668e9bb775070_007668e9bb710ef5.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668e9bb829461_007668e9bb7b6898.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668e9bb8c666a_008668e9bb8632ab.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668e9bb96bb4e_009668e9bb90f52f.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668e9bba01173_009668e9bb99be44.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started