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Gauntlett Inc. reported the following results from last year's operations: Sales $12,000,000 Variable expenses 9,580,000 Contribution margin 2,420,000 Fixed expenses 1,460,000 Net operating income $ 960,000 Average operating assets $ 5,000,000 At the beginning of this year, the company has a $1,300,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $4,680,000 50% of sales $2,059,200 Last year's turnover was closest to: Multiple Choice 2.40 0.42 12.50 0.08 Gauntlett Inc. reported the following results from last year's operations: Sales $12,000,000 Variable expenses 9,580,000 Contribution margin 2,420,000 Fixed expenses 1,460,000 Net operating income $ 960,000 Average operating assets $ 5,000,000 At the beginning of this year, the company has a $1,300,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $4,680,000 50% of sales $2,059,200 Last year's turnover was closest to: Multiple Choice 2.40 0.42 12.50 0.08 Shrewsbury Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 7,200,000 5,400,000 1,800,000 1,296,000 $ 504,000 $4,000,000 At the beginning of this year, the company has a $800,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $2,480,000 40% of sales $ 868,000 The company's minimum required rate of return is 14%. The residual income for this year's investment opportunity when considered alone is closest to: Multiple Choice $12,000 $124.000 $108.800 $0 Babak Industries is a division of a major corporation. Last year the division had total sales of $19,560,000, net operating income of $1,877,760, and average operating assets of $6,000,000. The division's return on investment (ROI) is closest to: Multiple Choice 3.0% 23.8% 31.3% 7.3% The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating income Average operating assets Stockholders' equity Residual income $750,000 $ 45,000 $250,000 $ 75,000 $ 15,000 For the past year, the minimum required rate of return was: Multiple Choice 15% 6% O 30% 12% The West Division of Cecchetti Corporation had average operating assets of $240,000 and net operating income of $42,200 in August. The minimum required rate of return for performance evaluation purposes is 19%. What was the West Division's minimum required return in August? Multiple Choice $8.018 $42,200 $45,600 $53,618 The West Division of Cecchetti Corporation had average operating assets of $240,000 and net operating income of $42,200 in August. The minimum required rate of return for performance evaluation purposes is 19%. What was the West Division's minimum required return in August? Multiple Choice $8.018 $42,200 $45,600 $53,618 Gauntlett Inc. reported the following results from last year's operations: Sales $12,000,000 Variable expenses 9,580,000 Contribution margin 2,420,000 Fixed expenses 1,460,000 Net operating income $ 960,000 Average operating assets $ 5,000,000 At the beginning of this year, the company has a $1,300,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $4,680,000 50% of sales $2,059,200 Last year's turnover was closest to: Multiple Choice 2.40 0.42 12.50 0.08 The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating income Average operating assets Stockholders' equity Residual income $750,000 $ 45,000 $250,000 $ 75,000 $ 15,000 For the past year, the minimum required rate of return was: Multiple Choice 15% 6% O 30% 12% Shrewsbury Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 7,200,000 5,400,000 1,800,000 1,296,000 $ 504,000 $4,000,000 At the beginning of this year, the company has a $800,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $2,480,000 40% of sales $ 868,000 The company's minimum required rate of return is 14%. The residual income for this year's investment opportunity when considered alone is closest to: Multiple Choice $12,000 $124.000 $108.800 $0