Question
Please show me the formulas and calculations used to find current year operating income, operating %, return on investment (ROI), and residual income. And, provide
Please show me the formulas and calculations used to find current year operating income, operating %, return on investment (ROI), and residual income. And, provide calculations used to find prior year operating income, operating %, return on investment (ROI), and residual income.
| FORKLIFT MATERIAL HANDLING |
| Income Statement Corporation |
| Current Year Prior Year |
| (amounts in thousands) |
| Sales $33,750 $24,750 |
| Cost of Goods Sold 21,938 16, 830 |
| Gross Profit $11,812 $ 7,920 |
| Wages $ 8,775 $ 6,188 |
| Utilities 675 250 |
| Repairs 169 325 |
| Selling 506 200 |
| Total Expenses $10,125 $ 6,963 |
| Operating Income ? ? |
| Operating Income % ? ? |
| Total Assets (investment base) $ 4,500 $ 1,500 |
| Return on Investment ? ? |
| Residual Income (8% cost of capital) ? ? |
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
