Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please share the answers it's urgent One division of a company has reported the following operating results for the year just ended: Sales Operating income

image text in transcribed

please share the answers it's urgent

One division of a company has reported the following operating results for the year just ended: Sales Operating income Average operating assets $ 810,000 64,800 324,000 Required: 1. Compute the margin percentage, turnover, and ROI for this division. (Round your intermediate calculations to 2 decimal places. Round "Margin" answer to whole number and other answers to 2 decimal places.) Margin percentage Turnover ROL % 2. If management sets a minimum required rate of return on average operating assets of 18%, what is the Rl for this division for the year? RI

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

Students also viewed these Accounting questions

Question

2. What is the business value of security and control?

Answered: 1 week ago