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Richard's Division of Richard and Sons has the following data related to a particular period: Average invested capital 4700,000 Imputed interest rate 10% Revenues $1,900,000
Richard's Division of Richard and Sons has the following data related to a particular period:
Average invested capital 4700,000 Imputed interest rate 10% Revenues $1,900,000 Variable costs $1,150,000 Fixed costs related solely to the division $673,000 Required:
. Calculate the return on sales for the period.
. Calculate the amount of residual income for the period.
. Calculate the return on investment for the period.
. Calculate the investment turnover (rounded) for the period.
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